Watsco price target raised to $540 from $490 at Jefferies

Jefferies raised the firm’s price target on Watsco to $540 from $490 and keeps a Hold rating on the shares. Trends in commercial end markets remain solid and continue to expand while a soft start in residential is now improving, says the analyst, who adds that HVAC – heating, ventilation, and air conditioning – remains a favorable end-market among the analyst’s coverage.