Shares of Ecolab Inc (NYSE: ECL) were rising in early trading on Wednesday.
The downside risk to the company’s earnings seems “relatively benign,” given its business model and strategy, according to Piper Sandler.
The Ecolab Analyst: Charles Neivert initiated coverage of Ecolab with an Overweight rating and price target of $260.
The Ecolab Thesis: The company’s earnings trajectory has been mostly consistent, in sharp contrast to other companies in the sector, which face “substantial cyclicality,” Neivert said in the initiation note.
Check out other analyst stock ratings.
Efforts ...