Goldman Sachs Starts Xylem (XYL) at Neutral
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Price: $113.42 -0.02%
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs initiates coverage on Xylem (NYSE: XYL) with a Neutral rating and $28 price target, following the spin-off from ITT (NYSE: ITT).
The firm is positive on its position as the largest integrated water pump, treatment, analytics and solutions company. However, they said 2012-13 growth will be weak due to government/ municipal and construction pressures, particularly in Europe which is 40% of revenues.
For more ratings news on Xylem click here and for the rating history of Xylem click here.
Shares of Xylem closed at $27.31 yesterday.
The firm is positive on its position as the largest integrated water pump, treatment, analytics and solutions company. However, they said 2012-13 growth will be weak due to government/ municipal and construction pressures, particularly in Europe which is 40% of revenues.
For more ratings news on Xylem click here and for the rating history of Xylem click here.
Shares of Xylem closed at $27.31 yesterday.
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