BUZZ-Jefferies starts Zurn Elkay Water Solutions with 'buy'; shares rise
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Jefferies initiates coverage of Zurn Elkay Water Solutions with a 'buy' rating and a price target of $58, implying a 21.9% upside. Shares rose 1.3% premarket. The company's drinking water business is expected to grow due to demand for filtered hydration systems. Jefferies predicts steady mid-single-digit growth by 2026. Four of nine brokerages rate the stock 'buy' or higher, five 'hold'. The stock has risen 27.6% YTD.
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