Stifel raises Watts Water PT on strong demand from data centers
13/02/2026 12:53
** 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;))