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Investment Bank Downgrades Waters on Q1 Profit Decline

Apr 28, 2006

NEW YORK, April 28 (GenomeWeb News) - Merrill Lynch yesterday cut Waters' stock to 'Neutral' from 'Buy' after the company said first-quarter income declined year over year.

 

As GenomeWeb News reported, Waters on Wednesday said first-quarter sales rose 8.2 percent atop increasing R&D spending and a narrowed profit.

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