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Waters (WAT) Sees Price Target Downgrade by Wells Fargo | WAT St
Wells Fargo analyst Brandon Couillard has downgraded Waters (WAT) price target from $415 to $355, while maintaining an “Equal-Weight” rating. This follows similar price target reductions by B of A Securities and UBS, though Guggenheim and HSBC initiated or reiterated “Buy” ratings with higher price targets. Waters is a manufacturer of liquid chromatography, mass spectrometry, and thermal analysis tools, with plans to merge with BD’s life science and diagnostics business.