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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XYL: