BUZZ-Stifel raises Watts Water PT on strong demand from data centers

Reuters
02/13
BUZZ-<a href="https://laohu8.com/S/SFB">Stifel</a> raises Watts Water PT on strong demand from data centers

** Stifel raises Watts Water Technologies WTS.N PT on strong demand for co's air and liquid cooling solutions used in data center construction and maintenance

** PT hiked to $389 from $320, implying a 15.7% upside to stock's last close

** Brokerage says as data center market shifts to liquid cooling, it carries higher margins for Watts products and services

** "Watts is well positioned to capitalize on growth opportunities, including institutional and data centers, while benefiting from steady repair & replace activity" - Stifel

** Brokerage says co believes data center addressable market exceeds $1 billion

** As of last close, shares up about 21.8% YTDrch

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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