JP Morgan downgrades Xylem to underweight and cuts price target to $90
JP Morgan moved Xylem shares from neutral to underweight and lowered its price target from $118 to $90 per share.
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what happened
JP Morgan analysts downgraded their rating on Xylem shares from neutral to underweight. At the same time, the bank lowered its price target from $118 to $90 per share. The information comes from Dow Jones Newswires, citing Benzinga.
why it matters
Rating changes like this reflect a view on a single company and usually affect only its stock rather than the broader market. Investors should treat it as one bank's opinion.
tags
instruments
sources
- Xylem Cut to Underweight From Neutral by JP Morgan — Dow Jones Newswires, 28 October 2026 at 12:45 UTC
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