Xylem shares are trading lower after RBC Capital maintained an Outperform rating on the stock but lowered its price target from $133 to $129.
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has maintained an Outperform rating on Xylem's stock but has lowered its price target from $133 to $129. This has led to a decrease in Xylem's share price.

August 04, 2023 | 1:51 pm
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Xylem's stock price is trading lower after RBC Capital maintained an Outperform rating but lowered its price target from $133 to $129.
RBC Capital's decision to lower its price target on Xylem's stock, despite maintaining an Outperform rating, has led to a decrease in the company's share price. This suggests that the market is reacting to the revised price target, which is a key indicator of the stock's potential future performance.
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IMPORTANCE 80
RELEVANCE 100