Watsco, Inc. (WSO)
by Zacks Equity ResearchJune 04, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Watsco has acquired Carrier's Canada HVAC distribution network, which will be accretive to its revenue and earnings. Watsco has great potential in the replacement market of air conditioners and heating systems in the U.S, as nearly 89 million of them are more than 10 years old.
Furthermore, backed by its solid balance sheet, Watsco can continue to increase its dividend and make additional investments going forward. We have thus upgraded our recommendation from Neutral to Outperform with a target price of $86.00.
Please login to Zacks.com or register to post a comment.