tiprankstipranks
Watts Water initiated with a Hold at Deutsche Bank
The Fly

Watts Water initiated with a Hold at Deutsche Bank

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.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App