Xylem price target raised to $176 from $169 at RBC Capital

RBC Capital raised the firm’s price target on Xylem (XYL) to $176 from $169 and keeps an Outperform rating on the shares. The company delivered a solid Q3 operating beat with impressive earnings quality as WSS – Water Solutions and Services – drove nice upside in growth/margins, though China, at 6% of sales, remains a weak spot, the analyst tells investors in a research note.