KeyBanc analyst Jeffrey Hammond upgraded Watts Water (WTS) to Overweight from Sector Weight with a $340 price target The company’s setup in 2026 “is too compelling to ignore,” the analyst tells investors in a research note. The firm believes Watts’ estimates in 2026 will move higher regardless of end market improvement given its “sizable” pricing tailwinds and “outgrowth” from data centers. KeyBanc says the company’s emerging acquisition story is underappreciated.
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