Evercore ISI Reiterates In Line Rating, $360 Price Target for Waters (WAT)

Evercore ISI has resumed coverage of Waters (WAT) with an In Line rating and $360 price target. The analyst notes that shares have dipped by 13% post the Becton Dickinson (BDX) Life Sci transaction due to mixed results and cautious guidance. The analyst believes the debate centers around management's confidence in the deal merits versus short-term concerns.