Morgan Stanley lowered the firm’s price target on Watsco (WSO) to $370 from $460 and keeps an Equal Weight rating on the shares. While the firm expects largely in-line Q4 results among its Multi-Industry coverage, it says the focus will be on 2026 guidance and adds that it continues to think “positive forward revisions will be a rarity this EPS season.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WSO:
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 11
- PayPal downgraded, Costco upgraded: Wall Street’s top analyst calls
- Watsco resumed with a Neutral at UBS
- Watsco price target lowered to $370 from $400 at Mizuho
- Watsco’s Strategic Initiatives Amid Challenging HVAC Market: A Hold Rating Perspective