Watts Water price target raised to $323 from $267 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Watts Water (WTS) to $323 from $267 and keeps a Neutral rating on the shares. Watts Water reported strong Q4 results and issued an upbeat outlook for Q1 and FY26, with revenue growth expected from acquisitions, data center expansion, and steady repair/replacement demand offsetting product rationalization, the analyst tells investors in a research note. Margin expectations were also above forecasts, reflecting operational improvements and a shift away from lower-margin business lines, supporting long-term tailwinds, the firm says.