UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Waters Corporation
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
|Sep 2014||Morgan Stanley||Initiates Coverage on||Underweight|
|Aug 2014||Stifel Nicolaus||Initiates Coverage on||Hold|
|Oct 2013||Bank of America||Downgrades||Buy||Neutral|
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