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Fly News Breaks for June 14, 2016
WAT
Jun 14, 2016 | 09:50 EDT
Cleveland Research analyst Steve Willoughby said recent research suggests LCMS equipment & consumables may both be seeing incrementally softer trends so far in 2Q16. As a result, the analyst lowered Waters' FY16 organic growth estimate to 5.5% from 6% and have lowered its FY16 earnings estimate to $6.40 from $6.45, which is $0.04 ahead of consensus and at the high end of management's $6.20-$6.40 guidance. Willoughby rates Waters a Neutral.
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