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Fly News Breaks for February 14, 2018
WTS
Feb 14, 2018 | 07:18 EDT
As previously reported, Janney Capital analyst Michael Gaugler upgraded Watts Water to Buy from Neutral after he raised his 2018 and 2019 estimates based on lowered income tax assumptions and raised his P/E multiple for the stock to 21x from 20x. Gaugler increased his fair value estimate on Watts shares to $83 from $69.
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