- 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.
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