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home / articles / zurn elkay water downgraded analyst cautions of incr mwn benzinga

ZWS - Zurn Elkay Water Downgraded: Analyst Cautions Of Incremental Cracks Nearterm Amid Demand Slowdown | Benzinga

Zurn Water Solutions Corporation

KeyBanc analyst Jeffrey D. Hammond downgraded Zurn Elkay Water Solutions Corporation (NYSE: ZWS) to Sector Weight from Overweight.

According to the analyst, a weaker non-res'l backdrop outweighs drinking water tailwinds.

The analyst cautions of incremental cracks that have continued to emerge in the near term. 

That said, the analyst highlights that Institutional end markets (~47% of sales) continue to hold up better vs. Comm'l (~30% of sales) and Full story available on Benzinga.com
Stock Information
Company Name: Zurn Water Solutions Corporation
Stock Symbol: ZWS
Market: NYSE
Website: zurn-elkay.com
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