Zurn Elkay Water price target raised to $53 from $50 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Zurn Elkay Water (ZWS) to $53 from $50 and keeps a Buy rating on the shares. After having hosted CFO Dave Pauli and VP Finance Dan Klun for investor meetings, the firm came away confident that the company has solid growth prospects with operating leverage driving margin expansion, the analyst tells investors.