Xylem Price Target Bumped Up By 13% At Cowen

August 29, 2022 2:41 PM | 1 min read | Make a Comment

Cowen analyst Joseph Giordano has raised the price target for Xylem Inc XYL to $85 (a downside of 8%) from $75 while maintaining the Market Perform rating on the shares.
The analyst mentioned that the current valuation still gives him pause.
Also Read: Xylem Shares Gain On Q2 Beat, Raised FY22 Top-Line Guidance
Meanwhile, Giordano noted that congressional backing for infrastructure/climate initiatives is attractive.
Price Action: XYL shares traded lower by 0.43% at $92.57 on the last check Monday.