Wells Fargo Starts Waters Corp. (WAT) at Outperform; End-market Positioning
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Price: $412.17 -0.32%
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on Waters Corp. (NYSE: WAT) with an Outperform. PT range $98-103.
Analyst, Tim Evans, said, "We like Waters' innovative product portfolio, which enjoys the tailwind of a long-term upgrade cycle in liquid chromatography. We also like the mix of recurring and nonrecurring revenue, which adds a level of stability. Waters has good end-market positioning with relatively low exposure to the National Institutes of Health and a heavier focus on commercial biopharma, where we are more positive than consensus. Finally, Waters has historically maintained the industry's highest returns on capital. We set our 2012E/2013E EPS at $5.11/$5.72."
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 $83.18 yesterday.
Analyst, Tim Evans, said, "We like Waters' innovative product portfolio, which enjoys the tailwind of a long-term upgrade cycle in liquid chromatography. We also like the mix of recurring and nonrecurring revenue, which adds a level of stability. Waters has good end-market positioning with relatively low exposure to the National Institutes of Health and a heavier focus on commercial biopharma, where we are more positive than consensus. Finally, Waters has historically maintained the industry's highest returns on capital. We set our 2012E/2013E EPS at $5.11/$5.72."
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 $83.18 yesterday.
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