Watts Water shares should be bought on weakness, says BB&T BB&T reports that investors are concerned that estimates for Watts Water are too high. However, the firm thinks the company has a good chance of meeting 2014 consensus estimates. It keeps a Buy rating on the shares.
Follow-up: Watts Water upgraded to Outperform at Cowen As previously reported, Cowen upgraded Watts Water to Outperform from Market Perform. The firm believes shares have bottomed following the Q2 report and the turnaround story is taking shape with new management in place and from an operational perspective, the worst has past. Cowen raised its price target to $55 from $46.