UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on Ecolab on Continued Restructuring
February 27, 2013 at 13:48 PM EST
In a report published Wednesday, J.P. Morgan reiterated its Neutral rating on Ecolab (NYSE: ECL ), and raised its price target from $71.00 to $74.00. J.P. Morgan noted, “Ecolab is restructuring: GAAP earnings were $2.36 in 2012 versus pro forma earnings of $2.98, which compares to GAAP and pro forma
