BWS Financial raised the firm’s price target on Hawkins to $96 from $74 and keeps a Buy rating on the shares. The company’s revenue mix is changing in fiscal 2025 with water treatment expected to contribute more than 50% of sales, the analyst tells investors in a research note. The firm says this change should lead to Hawkins receiving a higher valuation since the water treatment business is very different from its traditional industrial chemicals business. BWS cites a higher earnings profile for the target increase.
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