Barclays initiated coverage of Xylem (XYL) with an Overweight rating and $165 price target The firm started 10 stocks in the North America environmental services sector with a positive industry view, citing “resilient” demand and long-term consolidation opportunities. Waste and water infrastructure offer relatively stable demand across cycles, the analyst tells investors in a research note. Barclays sees select buying opportunities on the recent sector pullback.
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