Barclays lowered its price target and kept its Underweight rating, pointing to a less favorable view of MWA. The rating did not worsen, and the cut was small, so this is a limited negative signal, not evidence of changed company results.
This is a less favorable view from one firm, not a report of weaker sales or profits. The rating stayed the same, which limits the change. The lower target still points to less confidence in MWA.
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