Goldman Sachs Starts Ecolab Inc. (ECL) at Neutral

Goldman Sachs resumed coverage Ecolab Inc. (NYSE: ECL) with a Neutral rating and $61 price target.

The firm said while investors are warming up to the strategic rationale of the Nalco takeover, the deal does introduce greater volatility to Ecolab's earnings stream based on Nalco's history.

With its history of consistency, impressive shareholder returns, expectations for mid-teens EPS growth, and a well-regarded management team, the firm expects the company to retain its position as one of the most respected and highly valued chemical companies. They would become more bullish on a pull back or we they saw a case for more aggressive EPS growth.

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 $55.62 yesterday.

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