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Fly News Breaks for February 20, 2019
ECL
Feb 20, 2019 | 08:56 EDT
Credit Suisse analyst Chris Parkinson raised his price target for Ecolab to $154 from $145 to reflect a higher blended multiple/shorter discount period. The analyst notes that the company posted an in-line Q4 and reiterated its 2019 guide. Raw materials/FX remain headwinds, but he expects the negative impacts to abate by the second half of the year. Parkinson reiterates a Neutral rating on the shares.
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