Watsco shares rise 5.00% intraday as Giverny Capital backs stock as core holding with valuation upside.

Watsco Inc. (WSO) surged 5.00% intraday following reports of institutional buying and analyst upgrades. Recent news highlighted Giverny Capital backing Watsco as a core holding with valuation upside and Federated Hermes Inc. acquiring 17,013 shares, signaling renewed institutional confidence. Additionally, JPMorgan Chase & Co. issued a positive forecast for the stock, reinforcing optimism about its outlook. These developments, coupled with prior analyst upgrades and positive earnings momentum, drove immediate buying pressure, pushing the stock to an intraday high.