William Blair Assigns Outperform On Ecolab Shares
In a research report issued today, William Blair analyst Nate Brochmann assigned an Outperform rating on Ecolab (NYSE:ECL) , no price target was provided.
Brochmann observed, “Ecolab is expected to release third-quarter results on Tuesday, October 28, before the markets open; the conference call will be at 12:00 p.m. Central time. We estimate EPS growth of 15%, to $1.20, the same as the Street consensus and in the middle of the company’s guidance range ($1.18 to $1.22). Currency translation could have a modest impact on estimates, but the company as essentially zero transaction risk. “