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Fly News Breaks for April 25, 2016
WSO
Apr 25, 2016 | 07:21 EDT
As noted earlier, SunTrust downgraded Watsco to Neutral from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's technology initiatives will take a significant amount of time to bear fruit. Target remains $136.
News For WSO From the Last 2 Days
WSO
Apr 25, 2024 | 06:42 EDT
Baird raised the firm's price target on Watsco to $460 from $420 and keeps an Outperform rating on the shares. The firm said 1Q24 results missed on revenue/EPS but a strong gross margin carried the day in a seasonally less significant period, and from here, Baird sees accelerating price/mix and volume momentum driven by full OEM price realization, initial A2L rollout at higher pricing, and easy comps.
