Xylem Inc. (XYL) has been attracting significant investor interest with increased holdings reported by Bokf Na, First Foundation Advisors and Canada Life Assurance Co. The company is slated to announce its Q2 earnings soon, which are expected to grow, making it a compelling purchase for many. Various analyst ratings average out to a \"Moderate Buy\" for Xylem, reinforcing the positive outlook. Stifel Nicolaus has given a new price target of $170.00 for the company. Xylem is not only expanding its corporate venture capital investments targeting water scarcity, quality, and decarbonization, but also reported robust revenue growth, solid earnings in its full-year 2023 results. Despite this, Vanguard Group Inc. decreased their position in Xylem, indicative of some possible concern amongst investors. Xylem's Q1 earnings beat expectations, leading to an increase in their 2024 view. They also announced a second quarter dividend of 36 cents per share. Some reports hint at possible underlying issues with the quality of Xylem's earnings, while overall, the company continues to make solid inroads in the water industry.
Xylem XYL News Analytics from Wed, 30 Aug 2023 07:00:00 GMT to Sun, 28 Jul 2024 21:48:19 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
