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Fly News Breaks for December 17, 2019
XYL
Dec 17, 2019 | 06:38 EDT
Citi analyst Andrew Kaplowitz initiated coverage of Xylem with a Neutral rating and $84 price target. Xylem's dominant market share in the water utility transport end market and margin expansion opportunities could help the company deliver mid-single digit organic growth and margin expansion over time, Kaplowitz tells investors in a research note. However, Xylem does have cyclical end markets and its shares are currently fairly valued, adds the analyst.
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