Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Dow Jones jumped more than 400 points in the previous session. Investors are awaiting the release of jobs report for May.
Ecolab (NYSE:ECL) has outperformed the market over the past 20 years by 3.15% on an annualized basis producing an average annual return of 10.32%. Currently, Ecolab has a market capitalization of $46.85 billion.
Is the United States heading toward a recession?
This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market’s inverted yield curve.
JP Morgan upgraded its rating of Ecolab (NYSE:ECL) to Overweight with a price target of $190.00, changing its price target from $191.00 to $190.00.
Shares of Ecolab are trading up 1.77% over the last 24 hours, at $171.46 per share.