---
title: "RBC Capital downgrades Mueller Water Products to Underperform, sets price target to $21"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299327744.md"
description: "RBC Capital downgraded Mueller Water Products to Underperform with a $21 price target, implying 7.7% downside. The firm cites weakening municipal water spending due to expiring ARPA funds and challenges in residential construction from high interest rates as key headwinds."
datetime: "2026-09-17T13:23:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299327744.md)
  - [en](https://longbridge.com/en/news/299327744.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299327744.md)
generator: "portal-rs"
---

# RBC Capital downgrades Mueller Water Products to Underperform, sets price target to $21

RBC Capital downgraded Mueller Water Products's stock to Underperform with a price target of $21.00.

The price target implies a downside of 7.7% from the Sep 16 close of $22.74.

**Key takeaways from the analyst note**

**Weakening Municipal Water Spending**: RBC Capital anticipates a significant decline in municipal water capital expenditures in 2027, driven by the expiration of federal funding from the American Rescue Plan Act (ARPA). With Mueller Water Products deriving approximately 60%-65% of its revenue from municipal projects, this reduction is expected to create substantial headwinds for the company's financial performance.

**Residential Construction Challenges**: The ongoing pressure in the residential construction sector, exacerbated by elevated interest rates and affordability constraints, is likely to limit offsets to Mueller's revenue declines from municipal spending. This situation further complicates the outlook for the company's growth, as residential construction accounts for about 25%-30% of its revenue.

Explore more price target data and ratings for Mueller Water Products on the .

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**