Citi Upgrades Ecolab Inc. (ECL) to Buy
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Jefferies Raises Price Target on Ecolab (ECL) to $125 Following In-Line 2Q
August 3, 2016 10:46 AM EDTJefferies reiterated a Hold rating on Ecolab Inc. (NYSE: ECL), and raised the price target to $125.00 (from $120.00), following the company's 2Q earnings report. Reported EPS of $1.08 was in-line with consensus. Following the results, Ecolab narrowed its 2016 outlook to $4.35-$4.50, compared to consensus of $4.44.
Analyst... More
Ecolab (ECL) Reports In-Line Q2 EPS; Narrows Outlook
August 2, 2016 8:33 AM EDTEcolab (NYSE: ECL) reported Q2 EPS of $1.08, in-line with the analyst estimate of $1.08. Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $3.32 billion.
GUIDANCE:
Ecolab sees FY2016 EPS of $4.35-$4.50, versus prior guidance of $4.35-$4.55 and the consensus of $4.44.
Douglas M. Baker, Jr., Ecolab chairman and chief executive officer, commented on the quarter, saying, As expected, we continued to show strong organic sales growth and margin expansion in our Institutional, Industrial and Other segments as they outpaced sluggish global markets. These results... More
