TD Cowen raised the firm’s price target on Mueller Water (MWA) to $25 from $23 and keeps a Hold rating on the shares. The firm said there’s still a lot to account for; old foundry closing, backlog delivery, comps lapping at various times for different products, impact to repair products from Israel / Hamas conflict etc., but overall results have improved and have some momentum.
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Read More on MWA:
- Hold Rating Amid Operational Challenges and Market Uncertainties for Mueller Water Products
- Mueller Water price target raised to $29 from $25 at RBC Capital
- Mueller Water price target raised to $30 from $27 at Oppenheimer
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- Mueller Water Products Reports Strong Q1 Performance