UPDATE: J.P. Morgan Upgrades Waters to Overweight

According to J.P. Morgan, Waters

is upgraded to Overweight. J.P. Morgan said that it is upgrading the rating on Waters (

) 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.