Xylem shares are trading lower after TD Cowen downgraded the stock from Buy to Hold and announced a $138 price target.
Portfolio Pulse from Benzinga Newsdesk
Xylem shares declined following a downgrade by TD Cowen from Buy to Hold, with a new price target set at $138.
September 03, 2024 | 5:25 pm
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Xylem's stock was downgraded by TD Cowen from Buy to Hold, with a new price target of $138, leading to a decline in share price.
The downgrade from Buy to Hold by TD Cowen suggests a less optimistic outlook on Xylem's future performance, which typically leads to a negative market reaction. The new price target of $138 may also indicate limited upside potential, contributing to the decline in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100