Waters Corporation shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight. Additionally, Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $285 to $270.
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation's stock has been downgraded by Barclays from Overweight to Equal-Weight and by Evercore ISI Group from Outperform to In-Line. Evercore also lowered its price target from $285 to $270.
July 31, 2023 | 5:08 pm
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Waters Corporation's stock has been downgraded by two major financial institutions, which could negatively impact its stock price in the short term.
The downgrades by Barclays and Evercore ISI Group, two major financial institutions, indicate a less optimistic outlook for Waters Corporation's stock. This could lead to a decrease in demand for the stock, potentially driving its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100