Citigroup Maintains Neutral on Waters, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly has maintained a Neutral rating on Waters Corporation (NYSE:WAT) and increased the price target from $265 to $300.
December 11, 2023 | 12:15 pm
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Citigroup has maintained a Neutral rating on Waters Corporation but raised the price target from $265 to $300, indicating a positive outlook on the stock's value.
The increase in price target by Citigroup suggests that the analyst sees more value in the stock than previously estimated, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals to warrant an upgrade to a Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100