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BMO Capital Maintains Bullish Stance on Ecolab (ECL), Confident in Earnings Growth Target

Representing 2.94% of Bill Gates’s stock portfolio, Ecolab Inc. (NYSE:ECL) is one of his top 15 stock picks.

30 Countries with the Worst Drinking Water Supply

On October 30, 2025, BMO Capital reiterated its “Outperform” rating on Ecolab Inc. (NYSE:ECL), while reducing its price target from $310 to $307.

The investment firm cited a 7% pullback in Ecolab Inc. (NYSE:ECL) shares over the period from October 27 to 29. The firm believes the decline means the creation of a compelling entry point, particularly as the company looks well-positioned to achieve its 12%-15% EPS growth target for 2025. Furthermore, the stock’s valuation multiple is near decade-long lows in comparison to the S&P 500. This may result in shares rebounding toward their updated target, BMO Capital noted.

Meanwhile, just two days earlier, Ecolab Inc. (NYSE:ECL) reported Q3 2025 results. Thanks to accelerating pricing, modest volume gains, and a 110-basis-point organic operating margin expansion, the quarter marked 13% adjusted EPS growth, taking it to $2.07. The company reported strength across Institutional & Specialty, Pest Elimination, and Life Sciences segments, which offset weaknesses in certain industrial end markets. Accordingly, Ecolab tightened its 2025 adjusted EPS guidance to $7.48-$7.58.

Ecolab Inc. (NYSE:ECL), a global leader in sustainability, delivers water, hygiene, and infection prevention solutions to protect people, food, and vital resources in 170 countries.

While we acknowledge the potential of ECL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ECL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Best Fortune 500 Stocks to Invest in Now and 13 Best Fortune 500 Stocks to Invest in Now.

Disclosure: None.

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