Waters Corp. (WAT) PT, Estimates Raised at Jefferies Post Q2

Jefferies analyst Brandon Couillard raised his price target on Waters Corp. (NYSE: WAT) to $105.00 (from $98.00) following Q2 results but maintained a Hold rating.

Couillard comments, "Post WAT's 2Q14 print, we are raising our 2014 & 2015 EPS forecasts to $5.32 (from $5.30) and $5.82 (from $5.80), respectively, which imply expectations for a margin inflection next year after 4 years of erosion. Our PT moves to $105 (from $98) on higher cash flow forecasts."

For an analyst ratings summary and ratings history on Waters Corp. click here. For more ratings news on Waters Corp. click here.

Shares of Waters Corp. closed at $107.16 yesterday.

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