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Fly News Breaks for December 4, 2019
WAT
Dec 4, 2019 | 20:47 EDT
BTIG analyst Sun Ji Nam downgraded Waters to Neutral from Buy. The analyst cites the 19% year-to-date run-up in the stock price and her lacking conviction on why the shares should trade at a premium relative to their peer group. Sun Ji Nam prefers to await on the sidelines until there is greater clarity into the softer end markets seen for Waters this year or whether the company can return to industry-average growth rate in the near term.
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