Xylem (XYL) Gets a Buy Rating from Seaport Global

Seaport Global analyst Walter Liptak reiterated a Buy rating on Xylem (XYL) today and set a price target of $85. The company’s shares opened today at $70.15.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 3.9% and a 52.8% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Columbus Mckinnon Corp, and The Middleby Corp.

Xylem has an analyst consensus of Strong Buy, with a price target consensus of $79.50, representing a 13.3% upside. In a report released yesterday, Boenning & Scattergood also reiterated a Buy rating on the stock with a $82 price target.

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Xylem’s market cap is currently $12.81B and has a P/E ratio of 32.03. The company has a Price to Book ratio of 4.55.

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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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