Leerink Swann Downgrades Waters Corp. (WAT) to Market Perform

January 3, 2013 8:46 AM EST
Get Alerts WAT Hot Sheet
Price: $145.28 +2.71%

Rating Summary:
    11 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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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.

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