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Fly News Breaks for January 19, 2018
MWA
Jan 19, 2018 | 05:59 EDT
Cowen analyst Joseph Giordano downgraded Mueller Water Products to Underperform from Market Perform and lowered his price target for the shares to $11 from $12. The tax reform catalyst has passed while a "large and underappreciated" potential legacy liability remains, Giordano tells investors in a research note. Further, the analyst believes the company's core growth has "underwhelmed" in a supportive spending market.
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