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Fly News Breaks for May 16, 2016
ECL
May 16, 2016 | 08:27 EDT
Longbow expects Ecolab's results to rebound in 2H16 and 2017, driven by more favorable foreign exchange trends and easier comps for its Global Energy unit. The firm says that the company "excellent execution" will cause its margins to increase. Longbow thinks that the company's organic sales growth will accelerate to 5%-9%, and it raised its price target on the name to $140 from $130 while keeping a Buy rating on the shares.