Wedbush Maintains an 'Outperform' on Xylem (XYL); Added to the Best Ideas List:
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Price: $119.68 -0.53%
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush maintains an 'Outperform' on Xylem (NYSE: XYL) price target of $32.00.
Wedbush analyst says, "The Wedbush Investment Committee is adding Xylem to the Best Ideas List. We believe Xylem’s recent results for the third quarter, the strength in its repair and maintenance business, and the substantial growth in both energy and emerging markets creates a compelling investment case for XYL shares."
"We are increasing our 2011 estimates to $1.90 from $1.69 to account for the better than expected operating results and lower tax rate in the third quarter, along with the company’s improved outlook for Q4. We are also raising our adjusted estimates for 2012 to $1.94 from $1.85 to account for the better margin profile for the company."
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 $23.92 yesterday.
Wedbush analyst says, "The Wedbush Investment Committee is adding Xylem to the Best Ideas List. We believe Xylem’s recent results for the third quarter, the strength in its repair and maintenance business, and the substantial growth in both energy and emerging markets creates a compelling investment case for XYL shares."
"We are increasing our 2011 estimates to $1.90 from $1.69 to account for the better than expected operating results and lower tax rate in the third quarter, along with the company’s improved outlook for Q4. We are also raising our adjusted estimates for 2012 to $1.94 from $1.85 to account for the better margin profile for the company."
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 $23.92 yesterday.
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