Initiated Buy X

WAT Waters

Rothschild & Co Redburn

$390

Upgrades Sec Weight Overweight X

WAT Waters

KeyBanc Capital Markets

$460

Upgrades Neutral Outperform X

WAT Waters

Robert W. Baird

$396 $407

Upgrades Sec Perform Sec Outperform X

WAT Waters

Scotiabank

$450

Upgrades Underweight Eq Weight X

WAT Waters

Barclays

$360 $415

Upgrades Mkt Perform Outperform X

WAT Waters

Bernstein

$430

Initiated Sector Perform X

WAT Waters

Scotiabank

Upgrades Hold Buy X

WAT Waters

Jefferies

$355 $415

Initiated Overweight X

WAT Waters

Wells Fargo

$380

Upgrades Mkt Perform Outperform X

WAT Waters

Leerink Partners

$325 $375

Resumed Hold X

WAT Waters

Jefferies

$320

Downgrades Eq Weight Underweight X

WAT Waters

Barclays

$270 $230

Initiated Mkt Perform X

WAT Waters

Bernstein

$280

Downgrades Overweight Eq Weight X

WAT Waters

Barclays

$275

Downgrades Outperform In-line X

WAT Waters

Evercore ISI

$285 $270

Initiated Hold X

WAT Waters

Deutsche Bank

$350

Initiated Neutral X

WAT Waters

Credit Suisse

$345

Initiated Neutral X

WAT Waters

UBS

$349

Initiated Overweight X

WAT Waters

Barclays

$375

Upgrades Underperform Neutral X

WAT Waters

BofA Securities

$320 $330

Upgrades Underweight Eq Weight X

WAT Waters

Wells Fargo

$320 $315

Resumed Market Perform X

WAT Waters

Cowen

$360

Upgrades In-line Outperform X

WAT Waters

Evercore ISI

$400

Downgrades Eq Weight Underweight X

WAT Waters

Wells Fargo

$235

Downgrades Neutral Underperform X

WAT Waters

BofA/Merrill

Downgrades Neutral Underperform X

WAT Waters

Cleveland Research

Initiated Underperform X

WAT Waters

Wolfe Research

Downgrades Outperform Neutral X

WAT Waters

Robert W. Baird

Upgrades Underperform Neutral X

WAT Waters

BofA/Merrill

Initiated Hold X

WAT Waters

Needham

Downgrades Neutral Underweight X

WAT Waters

JP Morgan

Downgrades Neutral Sell X

WAT Waters

Goldman

Upgrades Sell Neutral X

WAT Waters

Cleveland Research

Initiated Neutral X

WAT Waters

UBS

Downgrades Outperform Mkt Perform X

WAT Waters

Leerink Partners

Downgrades Buy Neutral X

WAT Waters

Janney

Downgrades Neutral Underperform X

WAT Waters

BofA/Merrill

WAT  Waters Corporation

Waters Corporation is an analytical instrument manufacturer. The Company operates through two segments: Waters and TA. It designs, manufactures, sells and services high performance liquid chromatography (HPLC), ultra performance liquid chromatography (UPLC and together with HPLC, referred to as LC) and mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products and post-warranty service plans. It also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments through its TA product line. It is also a developer and supplier of software-based products that interface with the Company's instruments, as well as other suppliers' instruments. Its LC and LC-MS instruments are utilized in a range of industries to detect, identify, monitor and measure the chemical, physical and biological composition of materials, and to purify a range of compounds.