Barclays Upgrades Ecolab to Overweight, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Manav Patnaik upgraded Ecolab (NYSE:ECL) from Equal-Weight to Overweight and increased the price target from $225 to $260.
February 28, 2024 | 10:51 am
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POSITIVE IMPACT
Barclays upgraded Ecolab's stock rating to Overweight from Equal-Weight and raised the price target to $260 from $225.
The upgrade by Barclays to an Overweight rating and the increase in price target to $260 from $225 is a strong positive signal for Ecolab. This suggests that Barclays has a bullish outlook on Ecolab's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100