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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100