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Fly News Breaks for April 26, 2016
WAT
Apr 26, 2016 | 14:00 EDT
Cantor Fitzgerald analyst Bryan Brokmeier views Waters' Q1 report as strong and believes the lower than expected operating expenses it reported indicated that the company may have more margin expansion potential than recognized. The company's raised guidance is conservative and the there aren't any signs of weakness in the biopharma market from Waters or peers despite investor concerns, said Brokmeier. The analyst keeps a Buy rating and $163 price target on Waters shares.
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