Stifel has maintained its Hold rating on Waters Corp. (NYSE:WAT) after the company reported better-than-expected fourth-quarter results, driven by strong growth in Pharmaceutical and Industrial end markets globally. Despite the solid Q4 performance, the company’s stock faced scrutiny due to lower-than-anticipated first-quarter earnings guidance, which raised concerns among investors. Waters Corp. is currently valued at $20.15 billion with a P/E ratio of 35.18.
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Stifel reiterates Hold rating on Waters Corp stock amid solid Q4 results
Stifel has maintained its Hold rating on Waters Corp. (NYSE:WAT) after the company reported better-than-expected fourth-quarter results, driven by strong growth in Pharmaceutical and Industrial end markets globally. Despite the solid Q4 performance, the company’s stock faced scrutiny due to lower-than-anticipated first-quarter earnings guidance, which raised concerns among investors. Waters Corp. is currently valued at $20.15 billion with a P/E ratio of 35.18.