Wedbush Adds Xylem To Best Ideas List

Wedbush added Xylem XYL to its "Best Ideas List" in a research report published today. Wedbush has an Outperform rating and $32 price target on Xylem. In the report, Wedbush states, "We believe Xylem's recent results for the third quarter, the strength in its repair and maintenance business, and the substantial growth in both energy and emerging markets creates a compelling investment case for XYL shares." Shares of Xylem were trading at $24.21 at the time of posting, down 1.86% from Friday's market close.