Seeking Alpha

Waters Corp. hits all-time high after earnings beat

  • Lab equipment and medical products maker Waters Corp. (WAT +7.1%) sees shares reach new all-time highs after reporting better than expected Q4 earnings and sales, rebounding from a weak Q3.
  • Recently introduced products have been well received by the market, 2014 demand should be stronger than in 2013, and these products and other planned introductions position WAT to capture modest share in the improving macro environment, Maxim Group says (Briefing.com).
  • ISI Group raises its price target to $115.50 from $109.50 to reflect improved core growth and higher incremental margins (Briefing.com).
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