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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 08:50 EDT
Janney Montgomery Scott analyst Michael Gaugler downgraded Xylem to Neutral from Buy with a $77 fair value estimate, down from $84, noting that the company is seeing slowing end markets and issued 2020 guidance that was noticeably below consensus. Given the current valuation and forecast for a tough first half of the year,, he believes the shares are fairly valued, Gaugler said.
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