Boenning & Scattergood Believes Xylem (XYL) Still Has Room to Grow


In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on Xylem (NYSE: XYL), with a price target of $90. The company’s shares closed yesterday at $78.41, close to its 52-week high of $79.83.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 12.6% and a 74.2% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xylem with a $84.30 average price target, a 7.5% upside from current levels. In a report issued on September 5, Raymond James also initiated coverage with a Buy rating on the stock with a $90 price target.

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The company has a one-year high of $79.83 and a one-year low of $62.19. Currently, Xylem has an average volume of 1.15M.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

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Xylem, Inc. engages in the design, manufacture and application of highly engineered technologies for the water industry. It provides water and wastewater applications with a broad portfolio of products and services addressing the full cycle of water, from collection, distribution and use to the return of water to the environment.

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