Information Provided By:
Fly News Breaks for October 14, 2016
WSO
Oct 14, 2016 | 08:14 EDT
As previously reported, Longbow upgraded Watsco to Buy from Neutral and established a $170 price target. Analyst Chris Dankert's checks indicate Watsco has exceeded already high Q3 expectations despite difficult comps and raised his forecast to +14% year-over-year growth versus +10% prior. Given the recent pullback in shares combined with the sales acceleration, Dankert recommends buying Watsco for what should be a near-term beat to expectations and also a long runway for sales growth and EBIT margin expansion.
News For WSO From the Last 2 Days
There are no results for your query WSO