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

March 27, 2012 7:52 AM EDT
Get Alerts ECL Hot Sheet
Price: $118.40 -0.38%

Rating Summary:
    10 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade ECL Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Add Your Comment