UBS Maintains Neutral on Watsco, Raises Price Target to $402
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Damian Karas maintains a Neutral rating on Watsco (NYSE:WSO) and raises the price target from $340 to $402.

October 10, 2023 | 2:52 pm
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NEUTRAL IMPACT
UBS analyst Damian Karas maintains a Neutral rating on Watsco and raises the price target from $340 to $402.
The news directly pertains to Watsco (WSO) as UBS analyst Damian Karas maintains a Neutral rating on the company and raises the price target. This suggests that the analyst sees potential in the company but also some risks, hence the neutral rating. The increase in price target could lead to a positive sentiment among investors, but the neutral rating might balance it out, leading to a neutral short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100