Market Overview

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


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

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

View More Analyst Ratings for WSO
View the Latest Analyst Ratings


Related Articles (WSO)

View Comments and Join the Discussion!

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

Latest Ratings

MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at