Rosenblatt Starts Xylem (XYL) at Neutral

February 14, 2020 5:03 AM EST
Get Alerts XYL Hot Sheet
Price: $122.93 -0.82%

Rating Summary:
    8 Buy, 23 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 11 | New: 19
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Rosenblatt analyst Scott Graham initiates coverage on Xylem (NYSE: XYL) with a Neutral rating.

The analyst comments "Our initial rating of Neutral contemplates our positive long-term view on XYL's fundamentals versus a weaker near-term outlook. Sales and earnings slowed significantly in 2019 and we expect them to decline in 1H20 on industrial short-cycle weakness, project push-outs, mix, inflation and sales spending. We are expecting a 2H20 recovery but our 2020E EPS are below the Street. Longer-term, we favor the dynamics of XYL's water markets, how its sales strategies and prop technologies match market trends and its cost-cutting ability. But our estimates suggest the stock is fairly valued."

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 $87.05 yesterday.

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