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

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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
Jan 2016Deutsche BankMaintainsHold
Jan 2016Deutsche BankInitiates Coverage onHold
Jan 2016Avondale PartnersInitiates Coverage onMarket Outperform

View More Analyst Ratings for WAT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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