UPDATE: Stifel Starts Zurn Water Solutions (ZWS) at Buy

(Updated - June 29, 2022 4:19 PM EDT)

Stifel analyst Nathan Jones initiates coverage on Zurn Water Solutions (NYSE: ZWS) with a Buy rating and a price target of $34.00.

The analyst comments "Zurn operates in well-structured oligopolies with strong market shares and defensible moats around the business. Despite the potential for near-term disruptions to new construction markets from rising interest rates Zurn's end market exposure is likely to be less cyclical and the long-term growth in its businesses should be meaningfully above market providing investors with compounding earnings growth."

For an analyst ratings summary and ratings history on Zurn Water Solutions click here. For more ratings news on Zurn Water Solutions click here.

Shares of Zurn Water Solutions closed at $26.92 yesterday.

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