Goldman Sachs reinstated its buy rating on the stock.
Investors should buy Xylem after its acquisition of fellow water technology firm Evoqua, Goldman Sachs said. The bank reinitiated its buy rating on Xylem with a price target of $133, which implies a 24.2% upside from where the stock finished Wednesday's session.
The newly expanded company should have a better mix of public and industrials, which are both considered more stable than end markets that are mainly residential focused, he added. Meanwhile, he said valuation is more attractive following the stock's underperformance so far this year. Multiples have compressed around the historical average despite expectations for better growth and earnings upside following the deal. XYL .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
50 stocks that hedge fund managers love now: Goldman SachsGoldman Sachs: Hedge fund managers' favorite stocks have beaten the market this year — here are the 50 companies they're most confident in right now
Read more »
Goldman Sachs managing director lists custom-built Miami island enclaveManaging director Jason Wiesenfeld has listed his mansion on Hibiscus Island, one of South Florida’s most exclusive areas, for $10.99 million.
Read more »
RBA: OCR peak now seen at 4.85% – Goldman SachsIn its latest client note, analysts at Goldman Sachs raised its terminal rate hike expectation for the Reserve Bank of Australia (RBA) after the centr
Read more »
22 stocks to buy with an average of 39% upside: Goldman SachsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Sex And The City 25 years later: A look back at the pilotOn the anniversary of the show's debut, we rewatched the episode that put Carrie, Samantha, Charlotte, and Miranda on their path to becoming pop culture icons
Read more »
Drug-dealing 82-year-old man gets unusual warning after 25 arrestsAn elderly German man was given his last chance to get right with the law after 24 previous drug dealing convictions, receiving his 'last warning' to avoid jail time.
Read more »