UPDATE: J.P. Morgan Upgrades Waters to Overweight
According to J.P. Morgan, Waters (NYSE: WAT) is upgraded to Overweight.
J.P. Morgan said that it is upgrading the rating on Waters (WAT) from Neutral to Overweight and raising the Dec. 2012 price target from $83 to $90. “As such, we now see the risk/reward as favorable and would use the recent weakness as an entry point.”
Waters closed yesterday at $77.99.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.