Watsco price target raised to $460 from $450 at Loop Capital

Loop Capital analyst Chris Dankert raised the firm’s price target on Watsco (WSO) to $460 from $450 and keeps a Hold rating on the shares after its Q4 earnings beat. The company saw impressive volume growth and impressive SG&A control, which led a solid finish to the year, the analyst tells investors in a research note. Loop adds that its estimates for 2025 tick up modestly on the higher starting point as price/mix benefits are expected to build through the first half of the year aided by the A2L transition.