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Zurn Elkay Water downgraded to Hold from Buy at Stifel

Zurn Elkay Water downgraded to Hold from Buy at Stifel

Stifel downgraded Zurn Elkay Water to Hold from Buy with a $31 price target. Shares have essentially reached the firm’s target price and Stifel is moving to the sidelines as it sees limited upside to its estimates in the short term to justify a higher target price, the analyst tells investors in a research note.

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