Brean Murray Carret & Co. Removes Watts Waters (WTS) from N-T Focus List; Cuts Estimates and Price Target
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Price: $203.21 +1.79%
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
2 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Brean Murray Carret & Co. maintains a 'Buy' on Watts Waters (NYSE: WTS) price target lowered from $48 to $45.
Analyst, Michael Gaugler, said, "Watts pre-announcement of Q1 results was disappointing and raises some concerns...Given the limited information in the release, and based on our interpretation of that information, we've lowered our forward estimates, multiple assumptions and price target...We also are removing WTS from the Near-Term Focus List."
FY12 EPS estimate cut from $2.67 to $2.41 and FY13 from $3.01 to $2.98.
For an analyst ratings summary and ratings history on Watts Waters click here. For more ratings news on Watts Waters click here.
Shares of Watts Waters closed at $38.27 yesterday.
Analyst, Michael Gaugler, said, "Watts pre-announcement of Q1 results was disappointing and raises some concerns...Given the limited information in the release, and based on our interpretation of that information, we've lowered our forward estimates, multiple assumptions and price target...We also are removing WTS from the Near-Term Focus List."
FY12 EPS estimate cut from $2.67 to $2.41 and FY13 from $3.01 to $2.98.
For an analyst ratings summary and ratings history on Watts Waters click here. For more ratings news on Watts Waters click here.
Shares of Watts Waters closed at $38.27 yesterday.
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