Citi upgraded Xylem (XYL) to Buy from Neutral with a price target of $148, up from $135. The firm sees good growth potential over time and a relatively modest valuation versus historical levels. The analyst is encouraged by Xylem’s improving execution and margin expansion potential coupled with “still favorable” long-term trends in its global water-related end markets.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XYL: