Oppenheimer analyst Bryan Blair raised the firm’s price target on Zurn Elkay Water (ZWS) to $58 from $57 and keeps an Outperform rating on the shares. The firm notes shares rose 9.5% after Zurn Elkay reported Q1 adjusted EBITDA of $116M and guided Q2 above the pre-report Street outlook. Given current visibility, management expects Q2 core growth of 8%-9% year-over-year and EBITDA margin of 27.0%-27.5%.
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