Macquarie still sees big upside for Mueller Water Products

|About: Mueller Water Products, Inc. (MWA)|By:, SA News Editor

Macquarie reiterates an Outperform rating on Mueller Water Products (MWA -0.1%).

"We expect accelerating TILE order growth into year-end given recent commentary ... about a snap-back in U.S. office demand post-U.S. government shutdown," analyst Mike Wood says.

"Positive non-residential growth seen in our proprietary distributor survey over the past few months, will serve as a positive catalyst," Wood adds.

Price target is $26 representing upside of ~179% from Wednesday's close