** 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;))