Xylem Is A Secular Winner On Structurally Improved Portfolio, Analyst Says
Portfolio Pulse from Lekha Gupta
Oppenheimer analyst Bryan F. Blair has upgraded Xylem Inc (NYSE:XYL) to Outperform from Perform and set a price target of $118. The upgrade reflects confidence in Xylem's improved portfolio, continued beat & raise prospects, and medium-term growth prospects. The analyst also sees potential for profitable growth from combined Xylem–Evoqua operations. Xylem's shares are trading higher by 2.16% at $92.29.
October 19, 2023 | 6:00 pm
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Xylem Inc has been upgraded to Outperform by Oppenheimer, with a price target of $118. The company's shares are trading higher by 2.16%.
The upgrade by Oppenheimer reflects confidence in Xylem's improved portfolio and growth prospects, which is likely to attract investors and drive the stock price up in the short term.
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