Ecolab Likely Setting Stage for Stronger Growth Story, BofA Says

12:06 PM EDT, 10/28/2026 (MT Newswires) -- Ecolab (ECL) is expected to set the stage for a stronger growth story after reporting "fine" Q3 earnings, BofA Securities said in a report Wednesday. The note said adjusted EPS was slightly ahead of expectations in Q3, while the bigger focus remains on 2027 and beyond. "We were encouraged that mgmt left the door open for EPS growth to exceed the 12-15% target growth algorithm, as this has been our base case," the report said. The note said CoolIT dilution has weighed on sentiment, but expects its targets to move "meaningfully" higher as the forecast for compute installations has been revised upward. BofA kept its buy rating while raising its price objective to $355 from $342 based on a peer group average multiple. Price: 292.59, Change: +1.32, Percent Change: +0.45