These Analysts Raise Their Forecasts On Ecolab After Upbeat Earnings
Portfolio Pulse from Lisa Levin
Ecolab Inc (NYSE:ECL) reported better-than-expected Q2 earnings but missed sales estimates. The company sees Q3 adjusted EPS of $1.45-$1.55, versus the consensus of $1.47. Following the earnings announcement, Barclays, Citigroup, and Mizuho raised their price targets on Ecolab.
August 04, 2023 | 11:04 am
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POSITIVE IMPACT
Ecolab's better-than-expected earnings and raised price targets by analysts could positively impact its stock price.
Ecolab's Q2 earnings beat estimates, which is a positive signal for investors. Additionally, the raised price targets by Barclays, Citigroup, and Mizuho indicate a positive outlook for the stock, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100