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Xylem (XYL) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Wed Apr 15, 6:29AM CDT

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Xylem, with a price target of $163.00.

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According to TipRanks, Jones is a top 100 analyst with an average return of 22.6% and a 72.73% success rate. Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, A. O. Smith Corporation, and Curtiss-Wright.

In addition to Stifel Nicolaus, Xylem also received a Buy from UBS’s Joshua Spector in a report issued on April 9. However, on March 31, Jefferies initiated coverage with 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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