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Fly News Breaks for May 3, 2019
XYL
May 3, 2019 | 07:09 EDT
Oppenheimer analyst Bryan Blair reiterated an Outperform rating and $88 price target on Xylem following the company's Q1 earnings report, advising investors to buy the dip. While the Q1 miss and stronger U.S. dollar pressured 2019 EPS guidance, related headwinds are temporary and he remains confident in Xylem's defensive core growth prospects, multi-year operating margin runway, and resultant mid-teens core EPS compound annual growth rate.
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