Bank of America Reiterates Buy Rating on Ecolab

The institutional cleaning products and services market is highly fragmented, Bank of America reports. “While it is the second-largest global vendor, Diversey has less than a 6% market share,” Bank of America writes. “We continue to recommend Ecolab Inc. ECL shares due to the consistent EPS growth, high quality management, and margin expansion trajectory.” Bank of America is reiterating its Buy rating on Ecolab, which closed Wednesday at $54.28.