Watsco (WSO) Misses Q3 EPS by 13c, Miss on Revenues; Offers FY17 EPS Guidance Below Consensus
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Watsco (WSO) PT Raised to $181 at Stifel on 3Q Report; 'Impact Due To Hurricanes Drives Miss, Should Drive Solid 2-3 Yr Replacement Cycle'
October 26, 2017 2:38 PM EDTStifel raised its price target on Watsco (NYSE: WSO) to $181.00 (from $176.00) while maintaining a Buy rating, following the company's third quarter earnings report.
Analyst Robert McCarthy notes, "WSO missed due to $0.10 EPS impact or (~$5 million pretax; $6 million short fall vs. our model). Given callout... More
