RBC Capital Reiterates Outperform Rating on Ecolab Inc. (ECL)

RBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $260.00 price target on Ecolab Inc. (NYSE: ECL).

The analyst comments "Per RBC's Chemicals Equity Research team, based on CMA data (as of 08/19/24), Caustic Soda prices were lower by ~18% in 2Q24 and are expected to be lower by ~7.4%/14% in 3Q/FY24, roughly inline with our last update on 6/20/24. Ethylene prices were higher by ~6% in 2Q24 and are expected to be up by 7%/4% in 3Q/FY24, vs our last update of +5%/+4%, respectively. Propylene prices increased by 18% in 2Q24 and are expected to be higher by 38%/13.5% in 3Q/FY24, indicating a headwind from our prior update of up 24%/10%, respectively."

For an analyst ratings summary and ratings history on Ecolab Inc. click here. For more ratings news on Ecolab Inc. click here.

Shares of Ecolab Inc. closed at $242.57 yesterday.

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