NEW YORK (GenomeWeb News) – Investment bank Thomas Weisel Partners has initiated coverage of Waters with an "overweight" rating on the firm's stock.
Analyst Peter Lawson wrote in a research note Thursday that Waters received an "overweight" rating because of three factors: its "industry-leading position in the life science space with industry high operating margins; its better-than-peer execution on earnings growth, organic revenue growth, and earnings consistency; and its discount valuation versus both peers and historical levels."