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.

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

 

Most Popular

Related Articles (WAT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters