Gabelli Initiates Coverage on Xylem (XYL), Shares Move Into Positive Territory

December 27, 2011 3:16 PM EST
Get Alerts XYL Hot Sheet
Price: $113.51 -2.32%

Rating Summary:
    17 Buy, 24 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 20
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Shares of Xylem (NYSE: XYL) move into positive territory, now up $0.05 (+0.20%) to $24.96. The stock had been down all session despite this morning's research initiation from Gabelli, who started coverage with a 'Buy' rating.

XYL was spun-off from ITT and started trading as a stand-alone company on October 13, 2011 at $23.50 per share and have traded between $22.67 - $28.28 since.

Xylem Inc. (XYL) is a global water technology provider, enabling customers to transport, treat, test and use water in public utility, residential, commercial, agricultural and industrial settings.


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