Barclays Upgrades Ecolab Inc. (ECL) to Overweight, 'Back on board...'

Barclays analyst Manav Patnaik upgraded Ecolab Inc. (NYSE: ECL) from Equalweight to Overweight with a price target of $260.00 (from $225.00).

The analyst comments "The positive 'jaws' dynamic will be most prominent in FY24E; but assuming raws stay stable, ECL is back to being a rare ESG- stalwart that will compound EPS LDD+ (and on modest +MSD top-line growth). In other words, ECL has strong visibility to get to 20% margins (<5 years) – and raws deflation or GDP boosts upside."

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 $222.09 yesterday.

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