Analysts Offer Insights on Materials Companies: Ecolab (ECL) and LANXESS (OtherLNXSF)
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
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.
Read More on ECL:
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- Ecolab price target lowered to $296 from $320 at Baird
- Ecolab upgraded to Overweight from Neutral at JPMorgan
- Ecolab: Strategic CoolIT Acquisition Expands High‑Tech Growth Platform and Supports Buy Rating
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- Wolfe sees hefty valuation in Ecolab’s $4.75B CoolIT deal, understand rationale
