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Analysts Offer Insights on Materials Companies: Ecolab (ECL) and LANXESS (OtherLNXSF)

Tipranks - Wed Mar 25, 5:44AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Ecolab (ECL) and LANXESS (LNXSF).

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Ecolab (ECL)

Barclays analyst Manav Patnaik maintained a Buy rating on Ecolab today and set a price target of $300.00. The company’s shares closed last Monday at $261.13.

According to TipRanks.com, Patnaik is a 4-star analyst with an average return of 5.4% and a 55.1% success rate. Patnaik covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, Vestis Corporation, and Verisk Analytics. ;'>

Currently, the analyst consensus on Ecolab is a Strong Buy with an average price target of $324.06, which is a 25.1% upside from current levels. In a report issued on March 13, Berenberg Bank also upgraded the stock to Buy with a $326.00 price target.

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LANXESS (LNXSF)

DZ BANK AG analyst Peter Spengler maintained a Hold rating on LANXESS today. The company’s shares closed last Friday at $13.51.

According to TipRanks.com, Spengler is ranked #1675 out of 12128 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for LANXESS with a $20.85 average price target, representing a 54.3% upside. In a report issued on March 18, Kepler Capital also maintained a Hold rating on the stock with a EUR17.50 price target.

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