Xylem And Evoqua Merger: The Blueprint For Leading Global Smart Water Infrastructure, Predicts Analyst
Portfolio Pulse from Shivani Kumaresan
Stifel analyst Nathan Jones has reiterated a Buy rating on Xylem Inc (NYSE:XYL) shares with a price target of $133. The merger with Evoqua Water Technologies Corp is expected to generate $140 million of cost synergies within three years. Xylem plans to leverage its complementary digital capabilities with Evoqua to build the leading global smart water infrastructure company. Xylem shares are currently trading higher by 0.42% at $99.93.
August 18, 2023 | 5:07 pm
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POSITIVE IMPACT
Xylem's merger with Evoqua is expected to generate significant cost synergies and drive growth. The stock is currently trading higher.
The merger with Evoqua is expected to generate significant cost synergies and drive growth for Xylem. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100