BUZZ-Stifel and J.P. Morgan lower PT on Ecolab post Q1 results

Reuters
30 Apr
BUZZ-Stifel and J.P. Morgan lower PT on Ecolab post Q1 results

** Brokerages Stifel and J.P. Morgan cut price target on water solutions company Ecolab ECL.N after company posted lower Q1 profit on Tuesday

** Stifel lowers PT to $303 from $307; implying a 22.7% upside to stock's last close

** Brokerage says company will weather the impact from tariffs due to local sourcing, its resilient supply chain, and 5% surcharge pricing

** "We estimate the company will achieve its 2025 earnings per share target through lower volumes, but higher pricing and foreign exchange tailwinds," brokerage says

** J.P. Morgan lowers PT to $250 from $260; implying a 1.3% upside to stock's last close

** Brokerage says 5% surcharge may prove to be a test of the strength of Ecolab’s pricing power

** Thirteen of 27 brokerages rate the stock "buy" or higher, 14 "hold"; their median PT is $280.50 - data compiled by LSEG

** Including session's moves, stock up 6.9% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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