Barclays Maintains an 'Overweight' on Waters Corp. (WAT); Takeaways From Management Meeting

March 5, 2012 1:52 PM EST
Get Alerts WAT Hot Sheet
Price: $407.83 -1.05%

Rating Summary:
    22 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 20
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Barclays maintains an 'Overweight' on Waters Corp. (NYSE: WAT) price target raised from $90 to $95.

Analyst N. Koshal, highlighted points after meeting with management: Continued guidance to high-single-digit organic revenue growth; mix shift to recurring revenues will lift GM over time; addition of Terrence Kelly, President of TA Instruments, to add valuable insights to segment.

Koshal maintains FY12/13 EPS estimates at $5.28/$5.91.

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 $89.34 yesterday.


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