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UPDATE: Morgan Stanley Downgrades Waters Corporation to Equal-Weight, Removes $87 PT

Related WAT
Waters Corporation (WAT) Q2 Earnings Beat, Revenues Increase
Earnings Scheduled For July 22, 2014

In a report published Friday, Morgan Stanley downgraded its rating on Waters Corporation (NYSE: WAT) from Overweight to Equal-Weight, and removed its $87.00 price target.

Morgan Stanley noted, “Growth is set to improve from sub-par 2012 levels, but stock incorporates much of this improvement, yielding 8% upside in our base case over the next 12 months. Given better risk-reward for our other Overweights, we downgrade WAT to Equal-weight.”

Waters Corporation closed on Thursday at $86.22.

Latest Ratings for WAT

DateFirmActionFromTo
Sep 2014Morgan StanleyInitiates Coverage onUnderweight
Aug 2014Stifel NicolausInitiates Coverage onHold
Oct 2013Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for WAT
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

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