Mueller Water price target raised to $27 from $26 at Oppenheimer

Oppenheimer analyst Bryan Blair raised the firm’s price target on Mueller Water (MWA) to $27 from $26 and keeps an Outperform rating on the shares following a Q4 earnings report that included EBITDA of $73M, which was “solidly ahead” of the firm’s and consensus estimates. Oppenheimer sees the company’s Q2-Q4 performance as clear evidence of Mueller’s reset operating trajectory, and remains “confident in forward outgrowth opportunities.”