Xylem up as Deutsche Bank upgrades rating, lifts PT

Xylem

21/11/2023 15:08

** Shares of water technology co Xylem  XYL.N  rise ~2% to
$102.18 in early trading
    ** Deutsche Bank upgrades rating to "buy" from "hold", as
brokerage expects earnings surprises on co's cost and revenue
synergies 
    ** Raises price target to $120 from $104, representing a
~20% upside to the stock's last close of $100.21
    ** Eleven of 17 brokerages rate the stock "buy" or higher,
five "hold" and one "sell"; their median PT is $120
    ** Up to Monday's close, stock down ~8% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))