Zurn Elkay Water price target lowered to $26 from $27 at Baird

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.