Citigroup Initiates Coverage On Ecolab with Neutral Rating, Announces Price Target of $179
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham initiates coverage on Ecolab (NYSE:ECL) with a Neutral rating and announces a price target of $179.

June 14, 2023 | 9:04 am
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Citigroup initiates coverage on Ecolab with a Neutral rating and a price target of $179.
Citigroup's initiation of coverage on Ecolab with a Neutral rating suggests that the stock is fairly valued at its current price. The announcement of a price target of $179 indicates that Citigroup believes there is limited upside potential for the stock in the short term. This news is relevant and important for Ecolab investors, but the neutral rating implies a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100