** Brokerage J.P. Morgan starts coverage on water technology firm Xylem XYL.N with "overweight" rating and a PT $148
** PT represents a 15.1% upside to the stock's last close
** Brokerage says Xylem is a good long-term investment for those interested in sustainability and industrial growth
** The company has a strong foundation for growth, driven by key initiatives such as simplifying its operations, tackling pressing environmental issues like water pollution, and building on its recent acquisition of Evoqua, says J.P. Morgan
** Brokerage thinks Xylem is also well-equipped to weather economic storms, due to its diverse customer base, stable revenue streams, and ability to navigate trade challenges
** As of last close, XYL stock up 8.3% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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