Wolfe Research Initiates Coverage On Xylem with Outperform Rating, Announces Price Target of $127
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Brad Hewitt has initiated coverage on Xylem (NYSE:XYL) with an Outperform rating and set a price target of $127 for the company's stock.
December 13, 2023 | 6:15 pm
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POSITIVE IMPACT
Wolfe Research analyst Brad Hewitt has given Xylem a positive Outperform rating and a price target of $127, indicating a bullish outlook for the stock.
The initiation of coverage by Wolfe Research with an Outperform rating typically suggests a positive outlook on the stock, which can lead to increased investor interest and potentially drive the stock price up in the short term. The price target of $127 also suggests a significant upside from the current trading price, assuming the market aligns with the analyst's valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100