J.P. Morgan Issues a Company Report on Ecolab

J.P. Morgan has published a report on Ecolab Inc ECL highlighting the company's perhaps overlooked values. In the report, J.P Morgan wrote, "The market continues to express its disapproval of Ecolab's acquisition bid for Nalco. We believe that the poor performance of ECL shares since the announcement of the bid has created additional value for ECL shareholders. The price of a share of Ecolab previous to the announcement of the Nalco bid was $55.39. The shares have decreased to $50.15 or by $5.24 over the past week." J.P. Morgan rated Ecolab an Overweight with a price target of $58.00. Ecolab closed Wednesday at $50.15.