Erste Group Downgrades Ecolab to 'Hold', Citing Lofty Valuation Amid AI-Driven Expansion
Erste Group has revised its rating on water and hygiene giant Ecolab Inc. (NYSE: ECL) from 'Buy' to 'Hold', signaling limited upside at current prices. The move comes despite Ecolab's recent strategic acquisition aimed at capturing growth in the semiconductor and AI infrastructure markets.