Brean Capital Downgrades Mueller Water Products (MWA) to Hold on Valuation

Brean Capital downgraded Mueller Water Products (NYSE: MWA) from Buy to Hold on valuation.

"With the shares now trading at 16x our 2014 EPS estimate $0.34 and above our $5.10 target price we consider them fairly valued," the analyst said. "Furthermore, we do not see much room for expansion of earnings estimates beyond what is already factored into our forecast model at this time..."

For an analyst ratings summary and ratings history on Mueller Water Products click here. For more ratings news on Mueller Water Products click here.

Shares of Mueller Water Products closed at $5.25 yesterday.

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