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

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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
Jul 2016CitigroupMaintainsNeutral
Jul 2016BarclaysMaintainsEqualweight
Apr 2016Bank of AmericaDowngradesBuyNeutral

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