0812 ET - JPMorgan starts coverage of Xylem with an overweight rating, calling the pure-play water-technology company a "winner in the world of water." In a note, JPMorgan says Xylem is an attractive core long-term holding for industrial and sustainability focused investors seeking exposure to resilient and diversified water end markets, many of which carry multi-decade secular tailwinds. JPMorgan sets a year-end price target of $148 on Xylem shares and says currently trading at a discount to historical averages, we view current trading levels represent an attractive entry point. Xylem up 0.5% premarket to $126.30. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
May 30, 2025 08:12 ET (12:12 GMT)
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