Barclays Maintains Underweight on Waters, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Luke Sergott has maintained an Underweight rating on Waters Corporation (NYSE:WAT) but increased the price target from $230 to $275.

January 25, 2024 | 2:59 pm
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Barclays has maintained its Underweight rating on Waters Corporation but raised the price target from $230 to $275, indicating a potential downside risk but a higher valuation than previously estimated.
The Underweight rating suggests that Barclays believes WAT may underperform the broader market or its sector. However, the increase in the price target could imply that the analyst sees some positive aspects or improvements in the company's fundamentals, valuation, or market position. This mixed signal might lead to short-term uncertainty among investors, potentially causing a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100