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Fly News Breaks for July 17, 2018
WAT
Jul 17, 2018 | 08:21 EDT
As previously reported, Janney Montgomery Scott analyst Paul Knight downgraded Waters to Neutral from Buy as he sees acceleration elsewhere in Life Science Tools and believes that Waters' expected growth of 5-6% over the next year or more gives the stock limited upside potential. He lowered his fair value estimate for Waters shares to $211 from $230 as he thinks a multiple at the mid-point of peer valuations is fair.
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