We have upgraded our recommendation on Watsco Inc. (NYSE:WSO) from Neutral to Outperform to reflect the gains in revenue and margin from the successful Carrier Canada deal. The quantitative Zacks #1 Rank (short-term Strong Buy rating) for the company indicates upward pressure on the stock over the near term.
To elaborate, Watsco has acquired Carrier’s HVAC (heating, ventilation and air conditioning) distribution network in Canada. The business will be operated as a 60:40 joint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards