RBC Capital raised the firm’s price target on Mueller Water (MWA) to $29 from $25 and keeps a Sector Perform rating on the shares. The firm cites the company’s “strong” operating income beat in Q1 with stronger sales and margins at Water Management Solutions, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MWA:
- Mueller Water price target raised to $30 from $27 at Oppenheimer
- Mueller Water price target raised to $29 from $27 at Baird
- Mueller Water Products Reports Strong Q1 Performance
- Mueller Water Products’ Earnings Call Highlights Record Gains and Strategic Plans
- Mueller Water raises FY25 revenue view to $1.37B-$1.39B from $1.34B-$1.36B