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Fly News Breaks for June 17, 2016
XYL
Jun 17, 2016 | 08:02 EDT
Oppenheimer analyst Jim Giannakouros raised his price target for Xylem to $52 from $46 as he sees the company as a "unique investment opportunity" leveraged to secular and cyclical growth drivers. Near term, Giannakouros sees continued margin expansion and a more unified go-to-market strategy providing support to EPS growth with increased visibility on growing spend in U.S. water infrastructure to ultimately serve as "the most meaningful" catalyst to Xylem. Oppenheimer has an Outperform rating on the shares.
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