Canaccord Genuity Maintains a 'Buy' on Xylem (XYL); Raising PT & Estimates as Company Remains Well Positioned
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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: 6 | New: 26
Rating Summary:
17 Buy, 24 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity maintains a 'Buy' on Xylem (NYSE: XYL) price target raised from $30 to $32.
Analyst, John Quealy, said, "Given lots of noise this quarter given the recent spin-out (first public call), we like the execution through this complex process (with management now able to focus efforts more fully on growth-orientated endeavors). 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 slightly to account for reported results. Specifically, 2012 revs/adjusted EPS remain at $4.0B/$1.85; while 2013 goes to $4.2B/$2.08 (from $4.2B/$2.05)."
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 $26.84 yesterday.
Analyst, John Quealy, said, "Given lots of noise this quarter given the recent spin-out (first public call), we like the execution through this complex process (with management now able to focus efforts more fully on growth-orientated endeavors). 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 slightly to account for reported results. Specifically, 2012 revs/adjusted EPS remain at $4.0B/$1.85; while 2013 goes to $4.2B/$2.08 (from $4.2B/$2.05)."
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 $26.84 yesterday.
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