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Fly News Breaks for January 24, 2019
WAT
Jan 24, 2019 | 08:42 EDT
BTIG analyst Sung Ji Nam raised the price target on Waters Corp to $260 and kept its Buy rating after the company beat on Q4 results and guided FY19 EPS midpoint above consensus. The analyst points to the company's encouraging "solid growth momentum", continued strong demand in China, as well as improving conditions in North America and for the biopharma end market globally. Sung Ji Nam further states that Waters' 2019 outlook suggests that the company's "significant capital deployment capacity" benefited from the 2017 U.S. tax reform.
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