Baird raised its price target for MWA to $34 after Q2 results met expectations, citing pricing and manufacturing gains.
Baird increased its price target for Mueller Water Products (MWA) to $34 from $33, maintaining a Neutral rating. The adjustment follows the company’s second-quarter results, which aligned with expectations, driven by pricing actions and manufacturing efficiencies.
Goldman Sachs had previously raised its target to $29 from $28, also keeping a Neutral rating. Both firms noted record Q2 revenue and earnings, with margin expansion expected to continue through 2026 as pricing initiatives take full effect.
Mueller Water, a provider of water infrastructure products, reported steady performance amid ongoing demand for its leak detection and smart metering systems. Analysts highlighted the company’s resilience in a sector benefiting from scarcity trends.