RBC Capital raised the firm’s price target on Mueller Water to $17 from $15 and keeps a Sector Perform rating on the shares. The firm states that after reassessing its view of where Mueller Water fits on the water technology continuum, it believes that the company’s sub-scale/loss-making digitally enabled/smart water businesses are swimming against the tide as the company competes to win market share and build a competitive set of offerings in the nascent “smart water systems” arena.
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Read More on MWA:
- Mueller Water management to meet with Oppenheimer
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- Mueller Water Products Executive Kenji Takeuchi Exits
- Mueller Water price target raised to $19 from $15 at Baird
