Canaccord Genuity Maintains Hold On Xylem Shares, $36 PT
In a research report issued today, Canaccord Genuity analyst John Quealy maintained a Hold rating on Xylem (NYSE:XYL) with a price target of $36.00.
Quealy said, “While we favor the longer-term platform and growth opportunity, we find that short-cycle variability needs to settle near term in order to assess the sustainability of underlying demand and allow operational initiatives to show improvement.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst John Quealy has a total average return of 20.8% and a 48.7% success rate. Quealy is ranked #82 out of 3336 analysts.