KeyBanc Calls Watts Water Technologies' 2026 Outlook "Too Compelling to Ignore"

Watts Water Technologies, Inc. (NYSE:WTS) ranks among the mid-cap stocks to buy according to top investors. On January 21, KeyBanc raised Watts Water Technologies, Inc. (NYSE:WTS) from Sector Weight to Overweight, with a target price of $340. The revision follows KeyBanc’s evaluation of coverage through 2026 and discussions with Watts Waters executives in December.

KeyBanc says Watts Waters’ outlook for 2026 is “too compelling to ignore,” especially given the stock’s subdued response to positive revisions.

In addition, Watts Water Technologies, Inc. (NYSE:WTS) has made two major acquisitions. Watts bought Saudi Cast, a drainage solution producer, for $20 million, expanding its operations in Asia-Pacific, the Middle East, and Africa. The company also finalized the acquisition of Superior Boiler, an entity that specializes in customized steam and hot water boilers and generates around $60 million in annual revenue.

Watts Water Technologies, Inc. (NYSE:WTS) is an American company based in North Andover, Massachusetts. It provides products such as leak protection equipment, valves, rainwater harvesting solutions, and water filtration equipment.

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Disclosure: None. This article is originally published at Insider Monkey.