Wedbush Starts Xylem (XYL) at Outperform; It's Just the Beginning as the Tide Rises

Wedbush initiates coverage on Xylem (NYSE: XYL) with a Outperform. PT $32.00.

Wedbush analyst says, "Leading industry position and favorable backdrop should provide sustainable growth ahead. Following the recent spin-off from ITT, Xylem is now the largest publicly traded pure play in the water equipment sector; and should see increasing value unlocked as it benefits from its scale, operations-driven culture, and a favorable backdrop for water investment from 1) population growth 2) emerging market development 3) urban migration and regulation."

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 $24.60 yesterday.

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