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.
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