Ecolab upgraded at J.P. Morgan on pricing power, shift to higher-growth businesses (ECL:NYSE)

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J.P. Morgan upgraded Ecolab (ECL) to Overweight from Neutral, maintaining a $295 price target. The upgrade is attributed to Ecolab’s strong balance sheet and ability to manage a difficult operating environment, with recent stock weakness believed to already price in potential earnings pressure. The firm anticipates margin protection from pricing actions and long-term growth through acquisitions in key areas like water treatment and data center cooling.

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