BUZZ-Ecolab gains after brokerage BMO upgrades stock to 'outperform'

Reuters12-18 00:10

** Shares of water solutions company Ecolab up as much as 2.5% at $253.87

** Brokerage BMO Capital Markets upgrades stock to "outperform" from "market perform"; raises PT to $290 from $279

** Says the stability of ECL's earnings trajectory in an unstable environment should help stock outperform

** Brokerage sees a solid path for ECL to post double-digit EPS growth in 2025-2027 with a "relatively high degree of certainty"

** Sees growth arising from solid pricing and share gains stemming from company's increased value proposition in its water, cleaning and sanitizing platforms

** 14 of 28 brokerages rate the stock "buy" or higher and 14 "hold"; median PT is $282 - data compiled by LSEG

** Including session moves, stock up 27% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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