Xylem price target raised to $141 from $140 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Xylem (XYL) to $141 from $140 and keeps a Buy rating on the shares. Xylem reported “strong” Q1 revenue and earnings and guidance was maintained with U.S. policy uncertainty weighing on the outlook for industrial companies broadly. Utility and MRO exposure should provide for limited downside risk, says the analyst, who sees limited revenue risk with any volume downside mostly offset by higher pricing.