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Waters price target lowered to $385 from $435 at Jefferies

Jefferies lowered the firm’s price target on Waters (WAT) to $385 from $435 and keeps a Buy rating on the shares. Even accounting for tariff-induced pull-forward, the Q2 beat was “solid” and an “encouraging” FY25 guidance raise embeds conservatism on the top and bottom lines, the analyst tells investors.

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