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Watsco price target lowered to $490 from $525 at Mizuho

Mizuho analyst Brett Linzey lowered the firm’s price target on Watsco (WSO) to $490 from $525 and keeps a Neutral rating on the shares. The company reported a shortfall on revenue and operating margin, the analyst tells investors in a research note. The firm reduced estimates to reflect a softer outlook.

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