Baird lowered the firm’s price target on Xylem (XYL) to $154 from $175 and keeps an Outperform rating on the shares. The firm remains confident in the long-term growth profile, driven by the unique offering/platform, strong secular trends, robust margin opportunity and BS optionality. Baird continues see a clear path to differentiated long-term earnings growth and Xylem remains a top idea.
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Read More on XYL:
- Xylem Inc. Reports Strong Q3 Earnings Growth
- Xylem reports Q3 adjusted EPS $1.11, consensus $1.11
- Xylem narrows 2024 adjusted EPS view to $4.22-$4.24 from $4.18-$4.28
- XYL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Xylem Appoints New Leader for Applied Water Segment
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