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RBC Capital Remains a Buy on Xylem (XYL)

Tipranks - Tipranks - Thu Apr 9, 9:08PM CDT

RBC Capital analyst Deane Dray maintained a Buy rating on Xylem on April 7 and set a price target of $157.00. The company’s shares closed yesterday at $124.27.

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According to TipRanks, Dray is a 5-star analyst with an average return of 12.8% and a 60.32% success rate. Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Dover.

In addition to RBC Capital, Xylem also received a Buy from Oppenheimer’s Bryan Blair in a report issued on April 1. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Xylem (NYSE: XYL).

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Based on Xylem’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.4 billion and a net profit of $335 million. In comparison, last year the company earned a revenue of $2.26 billion and had a net profit of $326 million

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