Ecolab (ECL) Stock Price Target Raised at Oppenheimer

Ecolab's (ECL) price target was raised to $126 from $124 at Oppenheimer on Tuesday.
By Amanda Albright ,

NEW YORK (TheStreet) -- Oppenheimer raised its price target on Ecolab (ECL) - Get Report stock to $126 from $124 on Tuesday. The firm maintained its "outperform" rating on the stock.

The Saint Paul, MN-based energy technologies company reported 2015 third quarter earnings of $1.28 per share on Monday before the market open, which was in-line with Oppenheimer's projections.

Ecolab reported third quarter revenue of $3.44 billion, compared to Oppenheimer's projections of $3.41 billion.

"Ecolab is a compelling growth investment, in our opinion, with a dominant franchise that delivers relatively consistent double-digit adjusted EPS growth and is still in early stages of its market opportunity," Oppenheimer said.

Shares of Ecolab were up 3.31% to $121.90 in midday trading on Tuesday.

Separately, TheStreet Ratings team rates ECOLAB INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

We rate ECOLAB INC (ECL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, notable return on equity and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: ECL

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