Zurn Elkay Water price target raised to $45 from $43 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Zurn Elkay Water (ZWS) to $45 from $43 and keeps a Neutral rating on the shares after its Q3 earnings beat. The management now expects FY25 organic sales growth of about 8%, and for 2026, the firm believes that a positive mid-single-digit growth framework is appropriate given the current environment and read from equipment companies that participate earlier in the non-res construction cycle, the analyst tells investors in a research note.