Jefferies Raises Price Target on Ecolab (ECL)

Jefferies analysts updated their price target on Ecolab (NASDAQ: ECL), raising it by $5 to $77 from $72. They also raised their 2012 EPS estimate by 5c to $3.00.

Jefferies new price target is based on 11.1x 2013E EBITDA and is consistent with their mid-cycle and peak valuation models for the chemical sector.

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 $64.01 yesterday.

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