William Blair Reaffirms ‘Outperform’ Call On Ecolab Following Investor Meetings

In a research note released today, William Blair analyst Nate Brochmann reiterated coverage with an “Outperform” rating on Ecolab Inc. (ECL) following investor meetings with ECL’s management.

“We recently had the opportunity to host investor meetings with Ecolab’s CEO Doug Baker and Senior Vice President of Investor Relations Mike Monahan. Our overall conclusion is that this remains one of the more durable and consistent franchises in our coverage universe because of its high recurring revenue stream and ability to continue to expand in new product categories through innovation. We continue to recommend this stock for long-term investors as it should be a nice compounding story with north of 15% earnings growth over the next several years. Currently the stock trades at 26 and 22 times our 2014 and 2015 EPS estimates, respectively”, Brochmann wrote.

ECL Chart

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