Stifel Downgrades Zurn Elkay Water to Hold, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Nathan Jones has downgraded Zurn Elkay Water (NYSE:ZWS) from Buy to Hold and set a price target of $31. This change reflects a more cautious stance on the company's stock.
December 19, 2023 | 12:09 pm
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NEUTRAL IMPACT
Stifel downgraded Zurn Elkay Water from Buy to Hold and set a price target of $31, indicating a neutral outlook on the stock's short-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing short-term price stagnation or decline. However, the establishment of a price target suggests a level of expected value, providing a neutral impact overall. The downgrade is directly related to ZWS, making it highly relevant, and it is important for investors to consider analyst ratings. The confidence level is high due to the clear action taken by a reputable analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100