Xylem price target raised to $153 from $145 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Xylem to $153 from $145 and keeps an Outperform rating on the shares. The firm is positive on Xylem as the largest U.S. pure-play water technology solutions provider along with its commanding first-mover advantage in the multi-year adoption of smart water systems. RBC adds that Xylem’s growth of digitally enabled products is a longer term a margin tailwind.