Waters Corporation (NYSE: WAT) Reports First Quarter 2024 Financial Results

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Go back to Waters Corporation (NYSE: WAT) Reports First Quarter 2024 Financial Results

Waters Corp. (WAT) PT Lowered to $320 at Evercore ISI

May 7, 2024 12:34 PM EDT

Evercore ISI analyst Vijay Kumar lowered the price target on Waters Corp. (NYSE: WAT) to $320.00 (from $340.00) while maintaining a In Line rating.

The analyst comments "WATs 1Q results were in line with ST, and core organic declines of -9% came in at the HE of the Guide; along with OpEx mgmt. & lower below the line expenses, WAT Beat ST EPS by ~5%. In conjunction, mgmt. reiterated its FY24 Guide of -0.5% to 1.5% and EPS of $11.75 - $12.05. At a high level, this narrative (1Q in-line to better & Guide reiteration) is consistent with peer... More