Stephens & Co. Maintains Overweight on Watsco, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Tommy Moll has maintained an Overweight rating on Watsco (NYSE:WSO) and increased the price target from $450 to $500.
December 11, 2023 | 4:46 pm
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POSITIVE IMPACT
Stephens & Co. analyst Tommy Moll reaffirmed an Overweight rating on Watsco and raised the price target to $500, indicating a positive outlook on the stock.
The increase in price target by Stephens & Co. reflects a strong vote of confidence in Watsco's future performance. Such analyst upgrades often lead to a positive short-term reaction in the stock price as investors adjust their expectations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100