Deutsche Bank upgraded Watsco to Buy from Hold with a price target of $500, up from $387. For building products, the firm again sees the year ahead favoring stock selection, and again recommends investors start with a positive bias toward residential construction exposure and the distributor business model. The firm sees Watsco’s gross margin sustaining at elevated levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WSO: