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.

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

Disclaimer & DisclosureReport an Issue