Baird lowered the firm’s price target on Xylem (XYL) to $154 from $175 and keeps an Outperform rating on the shares. The firm remains confident in the long-term growth profile, driven by the unique offering/platform, strong secular trends, robust margin opportunity and BS optionality. Baird continues see a clear path to differentiated long-term earnings growth and Xylem remains a top idea.
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