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Fly News Breaks for November 2, 2016
ECL
Nov 2, 2016 | 08:03 EDT
Oppenheimer analyst Scott Schneeberger lowered his price target for Ecolab to $120 from $129 on valuation after the company reported in-line Q3 EPS. The analyst is also tempering his 2017 adjusted EPS estimates on more conservative revenue assumptions, but says he still anticipates accelerated growth in 2017 as 2016 energy/forex headwinds moderate. Schneeberger reiterates an Outperform rating on the shares.
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