UPDATE: JP Morgan Downgrades Watsco to Underweight on Lack of Catalysts
January 11, 2013 at 08:29 AM EST
JP Morgan downgraded Watsco, Inc. (NYSE: WSO ) from Overweight to Underweight and lowered the price target from $78.00 to $72.00. JP Morgan noted, "We are moving WSO to a relative Underweight as we think balance-sheet related catalysts have played out and the risk/reward around fundamentals at this high of
