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Fly News Breaks for October 12, 2018
XYL
Oct 12, 2018 | 08:27 EDT
Credit Suisse analyst John Walsh initiated Xylem with an Outperform rating and $86 price target, telling investors in a research note that Xylem is "hitting its stride." He forecasts a high-teens EPS growth CAGR through 2020, driven by mid-single digit organic growth, 40% contribution margin and redeployment of excess free cash flow for share repurchases, as well as bolt-on M&A.