Analyst ratings and price targets can significantly influence a stock's performance. In this case, Deutsche Bank, a reputable financial institution, has initiated coverage on Zurn Elkay Water with a Buy rating and a price target of $30. This suggests that they believe the stock is undervalued at its current price and has the potential to reach or exceed $30. This positive outlook could attract investors, driving up demand for the stock and potentially leading to an increase in its price in the short term.