Leerink Swann Downgrades Waters Corp. (WAT) to Market Perform
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Price: $96.70 -1.41%
Rating Summary:
7 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade WAT Now!
Leerink Swann downgraded Waters Corp. (NYSE: WAT) from Outperform to Market Perform with a valuation range of $88-$89.
The firm comments, "We are downgrading WAT's stock from Outperform to Market Perform, a change that reflects our view that upside to numbers in 2013 could be a challenge (we're 1.5% and 1.2% below FactSet consensus on sales and earnings, respectively). We continue to view WAT as a high-quality asset with exposure to attractive long-term trends (e.g., genericization, global regulation, emerging markets), but currently prefer others in the large-cap, macro-correlated tools bucket, such as PKI (OP) and TMO (OP)."
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 $88.71 yesterday, with a 52 week range of $72.98-$94.47.
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The firm comments, "We are downgrading WAT's stock from Outperform to Market Perform, a change that reflects our view that upside to numbers in 2013 could be a challenge (we're 1.5% and 1.2% below FactSet consensus on sales and earnings, respectively). We continue to view WAT as a high-quality asset with exposure to attractive long-term trends (e.g., genericization, global regulation, emerging markets), but currently prefer others in the large-cap, macro-correlated tools bucket, such as PKI (OP) and TMO (OP)."
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 $88.71 yesterday, with a 52 week range of $72.98-$94.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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