Canaccord Genuity Maintains a 'Buy' on Xylem (XYL); Adjusting Estimates Again
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Price: $27.85 -0.71%
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade XYL Now!
Canaccord Genuity maintains a 'Buy' on Xylem (NYSE: XYL) price target of $29.00 (from $30.00).
Analyst, John Quealy, said, "A solid quarter overall, as core operating performance continues to impress despite increasing macro challenges. We continue to find Xylem well positioned to benefit from compelling secular drivers in water, with risk/reward attractive at current levels, in our view."
"Our estimates adjust to account for a more challenging macro and FX. Specifically, F2012 revs/adjusted EPS go to $3.8B/$1.76 from $4.0B/$1.86; while F2013 goes to $3.9B/$1.95 (from $4.2B/$2.10)."
For an analyst ratings summary and ratings history on Xylem click here. For more ratings news on Xylem click here.
Shares of Xylem closed at $23.57 yesterday, with a 52 week range of $22.43-$28.87.
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Analyst, John Quealy, said, "A solid quarter overall, as core operating performance continues to impress despite increasing macro challenges. We continue to find Xylem well positioned to benefit from compelling secular drivers in water, with risk/reward attractive at current levels, in our view."
"Our estimates adjust to account for a more challenging macro and FX. Specifically, F2012 revs/adjusted EPS go to $3.8B/$1.76 from $4.0B/$1.86; while F2013 goes to $3.9B/$1.95 (from $4.2B/$2.10)."
For an analyst ratings summary and ratings history on Xylem click here. For more ratings news on Xylem click here.
Shares of Xylem closed at $23.57 yesterday, with a 52 week range of $22.43-$28.87.
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