Barclays raised the firm’s price target on Waters (WAT) to $360 from $330 and keeps an Underweight rating on the shares. The big earnings beat suggests share gains and a recovery cycle coming in earlier than expected, the analyst tells investors in a research note. However, the firm says the move in shares “takes out all of the upside and prices in perfection for next year.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WAT:
- Waters Corporation Reports Strong Q3 2024 Performance
- Waters rises 17.7%
- Early notable gainers among liquid option names on November 1st
- Waters rises 15.3%
- Waters raises FY24 EPS view to $11.67-$11.87 from $11.55-$11.65
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
