Credit Agricole Cuts Waters Corp. (WAT) to Outperform

Credit Agricole downgraded shares of Waters Corp. (NYSE: WAT) from Buy to Outperform in a mid-day research note Tuesday following a Q2 miss and the resulting 7+ percent sell-off this afternoon. The firm's price target was reduced from $116 to $100.

Despite the lowered target, Credit Agricole still expects shares to rise nearly 12 percent over the next year.

For more ratings news on Waters Corp. click here and for the rating history of Waters Corp. click here.

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