Watts Water price target raised to $275 from $260 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Watts Water (WTS) to $275 from $260 and keeps a Buy rating on the shares after having hosted CEO Bob Pagano, CFO Shashank Patel, and SVP FP&A and IR Diane McClintock for investor meetings. The firm came away with a better understanding of the company’s long-term digital strategy and early deployment of Nexa, as well as other competitive advantages, the analyst tells investors.