Berenberg analyst Andres Castanos-Mollor upgraded Ecolab (ECL) to Buy from Hold with a price target of $326, up from $300. The company announced Thursday that it will increase prices across all products, services and geographies by 10%-14%, the analyst tells investors in a research note. The firm expects the price increases will be implemented swiftly and become a “sticky component of Ecolab’s structural pricing, rather than being rolled back.” It views Ecolab as a net inflation beneficiary.
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