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. (NYSE: 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.