Waters price target raised to $315 from $289 at Baird

Baird raised the firm’s price target on Waters to $315 from $289 and keeps a Neutral rating on the shares. The firm said they reported 4Q revenue and EPS ahead of Street, both helped by FX. Initial 2024 guidance was roughly in-line with their model, though 1Q revenue guidance came in below expectations, implying a steeper-than-expected ramp throughout the year.