Waters price target raised to $420 from $415 at Wells Fargo

Wells Fargo raised the firm’s price target on Waters (WAT) to $420 from $415 and keeps an Overweight rating on the shares. The firm attributes the pullback in the shares to 2025 guidance landing in line with Street and concerns with the Q1 2025 margin/EPS guide and the implied Q2-Q4 ramp. Wells likes the stock, and sees Waters as one of the easiest names to own in Tools this year.