Waters price target raised to $360 from $345 at Bernstein

Bernstein analyst Eve Burstein raised the firm’s price target on Waters (WAT) to $360 from $345 and keeps a Market Perform rating on the shares. Waters’ print on Friday morning was still a very positive surprise, the firm says. The company beat consensus estimates on the top line by almost 4%, and by a whopping 9% on the bottom line. Most notably, the places where Bernstein saw the most weakness before are showing relative strength.