Evercore ISI Group Downgrades Waters to In-Line, Lowers Price Target to $270
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Vijay Kumar has downgraded Waters Corporation (NYSE:WAT) from Outperform to In-Line and lowered the price target from $285 to $270.
July 31, 2023 | 11:11 am
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Waters Corporation has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target of $270.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform approximately as well as other companies in the market. The lowering of the price target from $285 to $270 indicates a reduced expectation of the stock's future performance. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100