Baird lowered the firm’s price target on Zurn Elkay Water to $26 from $27 and keeps a Neutral rating on the shares. The company reported modest operational upside in Q3 but narrowed its guidance range to the lower end, the analyst tells investors in a research note. The firm says Zurn Elkay’s end market challenges and lack of visibility are well understood, and the company has effectively managed what is in its control this year.
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Read More on ZWS:
- Zurn Elkay Water sees Q4 revenue $351M, consensus $363.6M
- Zurn Elkay Water reports Q3 EPS 29c, consensus 27c
- Zurn Elkay Water sees FY23 revenue $1.525B, consensus $1.53B
- Zur Elkay Water sees Q4 revenue roughly $351M, consensus $363.62M
- Zur Elkay Water reports Q3 adjusted EPS 29c, consensus 27c
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