Deutsche Bank analyst Andrew Krill initiated coverage of Watts Water (WTS) with a Hold rating and $240 price target The firm sees 2025 consensus estimates as “slightly conservative” paired with a relative valuation that is among the most attractive it has been in years after the stock’s relative underperformance in 2024. However, the analyst struggles with underwriting a meaningful 2025 construction recovery, and believes that would be the main driver of sizable earnings revisions.
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