Spruce Point Capital Says Sees 30%-45% Long-Term Downside Risk To Xylem's Share Price; Expect Xylem To Underperform S&P 500 And Water Industry As Its Rich Multiple Compresses
Portfolio Pulse from Benzinga Newsdesk
Spruce Point Capital predicts a 30%-45% long-term downside risk to Xylem's share price. They expect Xylem to underperform the S&P 500 and the water industry as its rich multiple compresses.
August 09, 2023 | 1:05 pm
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Spruce Point Capital predicts a 30%-45% long-term downside risk to Xylem's share price, expecting it to underperform the S&P 500 and the water industry.
The prediction by Spruce Point Capital of a significant downside risk to Xylem's share price, along with an expectation of underperformance compared to the S&P 500 and the water industry, is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock's price in the short term.
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