Market Overview

Wedbush Securities Expects Weaker Q1 Outlook For Watts Water Technologies

Share:

In a report published Wednesday, Wedbush Securities analyst David L. Rose reiterated a Neutral rating and $54.00 price target on Watts Water Technologies Inc. (NYSE: WTS).

In the report, Wedbush Securities noted, "Further discussions with management suggest weaker Q1 outlook. A follow up conversation with management revealed that a more conservative view on Q1 was in order, taking into account the seasonality of the AERCO acquisition, lost sales from the DIY line review, and greater weakness in Europe than our model had indicated."

Watts Water Technologies closed on Tuesday at $55.44.

Latest Ratings for WTS

DateFirmActionFromTo
Dec 2020StifelDowngradesBuyHold
Apr 2020StifelMaintainsBuy
Feb 2020Boenning & ScattergoodUpgradesNeutralOutperform

View More Analyst Ratings for WTS
View the Latest Analyst Ratings

 

Related Articles (WTS)

View Comments and Join the Discussion!

Posted-In: David L. Rose Wedbush SecuritiesAnalyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
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 vipaccounts@benzinga.com