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.
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: