Waters upgraded to Buy from Hold at WallachBeth WallachBeth upgraded Waters based on expectations for strong R&D spending in China, which is a major organic growth opportunity for the company. Price target raised to $103 from $87.
Waters sees 2015 constant currency sales growth mid-single digits The company said currency is expected to reduce sales growth by about 6%. Margin is expected to be at or around 59% for 2015. Waters is speaking on its earnings conference call.
Waters sees Q2 EPS $1.20-$1.30, consensus $1.25 Sees Q2 constant currency sales growth at or around 7%. Currency is expected to reduce sales by around 7%. Waters is speaking on its earnings conference call.