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Fly News Breaks for July 16, 2018
WAT
Jul 16, 2018 | 07:33 EDT
BofA/Merrill analyst Derik de Bruin downgraded Waters to Underperform and trimmed its price target to $190 from $200. The analyst is concerned over the decelerating liquid chromatography product cycle, some shift in share in certain markets, and Waters slow Q1 core growth. The analyst expects soft performance to continue in 2018 but said buybacks cold offset some weakness.
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