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UPDATE: Goldman Sachs Resumes Coverage on Watsco on Fair Valuation, Good Market Position

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In a report published Tuesday, Goldman Sachs analyst Samuel H. Eisner resumed coverage on Watsco (NYSE: WSO) with a Neutral rating and $98.00 price target.

In the report, Goldman Sachs noted, “We resume coverage of WSO with a Neutral rating and $98, 12-month price target. In our view, WSO is a leader in cash generation and has effectively rewarded shareholders through a long-term emphasis on dividends. At this point, we believe the shares are fairly valued given a modest resi replacement HVAC tailwind and modest profitability. Going forward, we believe that increased clarity on internal initiatives and higher dividends would make us more constructive.”

Watsco closed on Monday at $94.27.

Latest Ratings for WSO

DateFirmActionFromTo
Oct 2020Morgan StanleyMaintainsEqual-Weight
Oct 2020Morgan StanleyMaintainsEqual-Weight
Jul 2020Morgan StanleyMaintainsEqual-Weight

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Posted-In: Goldman Sachs Samuel H. EisnerAnalyst Color Initiation Analyst Ratings

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