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Fly News Breaks for September 3, 2015
XYL
Sep 3, 2015 | 08:36 EDT
As noted earlier, Stifel upgraded Xylem to Buy from Hold. The firm thinks that the company's EPS can rise at a 20% compound annual growth rate over the next few years, driven partly by cost cutting, strengthening fundamentals in its utility business and a bottoming of headwinds in its industrial business. The firm believes that the company's September 24 Investor Day could boost the stock. It set a $37 price target on the shares.
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