Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Waters Corporation

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

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Waters Corporation (NYSE: WAT), and raised its price target from $88.00 to $90.00.

Jefferies noted, “WAT's 4Q12 EPS of $1.59 was $0.01 ahead of consensus as a lower than expected tax rate (+$0.04) more than offset a weaker profitability experience. We are trimming our 2013 EPS forecast to $5.35 (from $5.40) to account for recent adverse FX-related developments (-$0.10), partially offset by a slightly stronger core revenue growth assumption (+$0.05). However, our PT moves to $90 (from $88) on higher cash flow forecasts.”

Waters Corporation closed on Tuesday at $92.00.

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: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (WAT)

Around the Web, We're Loving...

Get Benzinga's Newsletters