Oppenheimer Raises Price Target on Ecolab (ECL); Nalco Integration Going Well

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Oppenheimer boosted its price target on Outperform-rated Ecolab Inc. (NYSE: ECL) from $65 to $72 after a recent meeting. The firm notes the Nalco integration is going well and the company reiterated its long-term growth targets of 15% EPS growth, 20% ROE, 2012 EPS of $2.95-$3.05.

"There will be a lot of noise as Ecolab integrates Nalco, but we are positive about the merger benefits," the analyst said.

For an analyst ratings summary and ratings history on Ecolab Inc. click here. For more ratings news on Ecolab Inc. click here.

Shares of Ecolab Inc. closed at $61.69 yesterday, with a 52 week range of $43.81-$62.86.

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