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WAT - IHI: Poor Price Performance May Be Temporary
Waters Corporation
Healthcare equipment and Medical Devices sector stood out during the covid-19 pandemic crisis and delivered strong returns over the medium and long term.
Stocks from healthcare equipment and Medical Devices sector have performed poorly over the past one month, resulting in steep price loss for IHI.
SMA and price multiples indicate a further downward price movement, but that won’t be long-lasting.