Xylem price target lowered to $125 from $138 at TD Cowen

TD Cowen analyst Joseph Giordano lowered the firm’s price target on Xylem (XYL) to $125 from $138 and keeps a Hold rating on the shares. The firm said they continue to see a tough stock setup even though we have confidence management will execute on the plan it has laid out. Comps are challenging and we expect growth to moderate near-term as a result.