Xylem And Evoqua Merger: The Blueprint For Leading Global Smart Water Infrastructure, Predicts Analyst

Stifel analyst Nathan Jones reiterated a Buy rating on the shares of Xylem Inc (NYSE:XYL) with a price target of $133.

With the merger of Evoqua Water Technologies Corp, Xylem expects to generate $140 million of cost synergies within three years through savings on duplicative public company costs, procurement, and service footprint, noted the analyst.