Watts Water likely to meet or beat Q2 revenue view, says Janney Capital Janney Capital said its channel checks indicate that Watts Water's volume outlook has improved since Q1 and the firm now believes Watts will likely meet or exceed the high end of 6% to 9% revenue growth in Q2. Janney maintains a Buy rating on Watts Water.
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.