RBC Capital raised the firm's price target on Zurn Elkay Water to $56 from $49 and keeps a Sector Perform rating on the shares. The company reported strong top line and margin growth in Q1 with robust non-residential performance, while 16% growth in commercial markets substantially outpacing the management's prior flat guidance, the analyst tells investors in a research note. While the company is performing well however, the management deliberately paused its 2026 guidance, citing ongoing macro and tariff uncertainty, with plans to update with Q2 results, RBC added.
