NEW YORK (TheStreet) -- Mueller Water Products (MWA) shares had coverage initiated with a "market perform" rating and $9 price target, suggesting a 5.6% increase from its previous closing price of $8.52, by analysts at Northland Securities.
Today the company announced that it will be releasing its third quarter earnings results after the closing bell on August 4.
Must Read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates MUELLER WATER PRODUCTS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MUELLER WATER PRODUCTS INC (MWA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."