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 .
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
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
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
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.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »