WallachBeth Capital Starts Waters Corp. (WAT) at Hold; Solid Franchise, But Near-Term Challenges Remain
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Price: $100.22 -1.65%
Rating Summary:
7 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
7 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade WAT Now!
WallachBeth Capital initiates coverage on Waters Corp. (NYSE: WAT) with a Hold. PT $85.00.
Analyst, Doug Bantum, said, "WAT holds market leadership positions in High Performance Liquid Chromatography (HPLC) and mass spectrometry (MS), which combined offer a $5B+ addressable market. In turn, WAT's HPLC consumables business provides a recurring, high-margin revenue stream. Finally, WAT's thermal Analysis (TA) business complements its life science exposure and targets attractive end markets. That said, difficult conditions in India, softness within the academic segment (may cap the traditional year-end "budget flush") and difficult comps may keep the shares range bound for the balance of the year and, as such, we remain on the sidelines."
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 $78.33 yesterday, with a 52 week range of $70.88-$94.47.
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Analyst, Doug Bantum, said, "WAT holds market leadership positions in High Performance Liquid Chromatography (HPLC) and mass spectrometry (MS), which combined offer a $5B+ addressable market. In turn, WAT's HPLC consumables business provides a recurring, high-margin revenue stream. Finally, WAT's thermal Analysis (TA) business complements its life science exposure and targets attractive end markets. That said, difficult conditions in India, softness within the academic segment (may cap the traditional year-end "budget flush") and difficult comps may keep the shares range bound for the balance of the year and, as such, we remain on the sidelines."
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 $78.33 yesterday, with a 52 week range of $70.88-$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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