Baird raised the firm’s price target on Watts Water to $208 from $191 and keeps a Neutral rating on the shares. The firm said initial 2024 guidance was set prudently, banding consensus with mixed demand outlook and weaker margins, and containing few surprises.
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Read More on WTS:
- Watts Water sees FY24 organic revenue growth (5%)-1%, consensus $2.24B
- Watts Water sees Q1 organic revenue growth 1%-5%, consensus $535.01M
- Watts Water reports Q4 adjusted EPS $1.97, consensus $1.78
- Watts Water Welcomes Boll, Bids Farewell to Conway and Kissel
- Watts Water Strengthens Governance with Director Indemnification