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WSO

Watsco

$139.35

-1.52 (-1.08%)

08:14
10/14/16
10/14
08:14
10/14/16
08:14

Watsco upgraded to Buy followng checks at Longbow

As previously reported, Longbow upgraded Watsco to Buy from Neutral and established a $170 price target. Analyst Chris Dankert's checks indicate Watsco has exceeded already high Q3 expectations despite difficult comps and raised his forecast to +14% year-over-year growth versus +10% prior. Given the recent pullback in shares combined with the sales acceleration, Dankert recommends buying Watsco for what should be a near-term beat to expectations and also a long runway for sales growth and EBIT margin expansion.

  • 17

    Nov

WSO Watsco
$139.35

-1.52 (-1.08%)

06/01/16
SUSQ
06/01/16
INITIATION
Target $154
SUSQ
Positive
Watsco initiated with a Positive at Susquehanna
Target $154.
07/25/16
GHSC
07/25/16
DOWNGRADE
Target $150
GHSC
Neutral
Watsco downgraded to Neutral from Accumulate at Seaport Global
Seaport Global analyst Walt Liptak downgraded Watsco to Neutral and lowered estimates following the disappointing Q2 report and a weakened 2016 outlook. The analyst maintained his $150 price target but does not expects Watsco to make up the Q2 sales deceleration in 2H 2016.
09/23/16
WBLR
09/23/16
NO CHANGE
WBLR
Outperform
Beacon Roofing selloff brings buying opportunity, says William Blair
William Blair analyst Ryan Merkel views the 9% pullback in shares of Beacon Roofing Supply (BECN) over the past two weeks as overdone. After speaking to management, the analyst attributes the stock weakness to fears of new construction peaking. Only about 10% of Beacon's sales are tied to new construction, however, with 90% tied to replacement, Merkel tells investors in a research note. He notes the company's close peers, Watsco (WSO) and Pool Corp. (POOL), have sold off far less. Merkel adds that his firm's roofing surveys indicate that fundamentals remain healthy and there has been no noticeable slowdown. He sees a good buying opportunity at current levels and keeps an Outperform rating on Beacon.
10/14/16
LBOW
10/14/16
UPGRADE
LBOW
Buy
Watsco upgraded to Buy from Neutral at Longbow

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