Morgan Stanley Increases Ecolab Price Target Amid Raw Material Deflation Expectations
New York – In a notable move that reinforces confidence in Ecolab Inc.'s growth trajectory, Morgan Stanley has upgraded its price target for the company, reflecting an optimistic stance on its financial performance and strategic initiatives. The investment firm revised its target to $230 from the previous $190 while maintaining an Equal-weight rating, amidst signs of potential raw material cost deflation in 2024.
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