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Fly News Breaks for January 6, 2016
XYL
Jan 6, 2016 | 07:24 EDT
RBC Capital analyst Deane Dray upgraded Xylem to Outperform and increased his price target to $42 from $37on shares. Dray said CEO Patrick Decker has repositioned Xylem where it can outperform. The positive include scarcity value in leading 90% water exposure, leverage to mid-single-digit growth in water utility markets, long-term margin upside of 350bps, M&A optionality, and minimal gas and oil exposure.
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