Water Tech Stock Xylem Inc Wants More Revenue from Emerging Markets (Bloomberg)
Bloomberg has reported that Citigroup Inc analyst Deane Dray has written a research note saying Xylem Inc (NYSE: XYL), a provider of equipment and services for water and wastewater applications, wants to increase its revenue from emerging markets. Dray wrote that Xylem Inc gets an estimated 17% of sales from emerging markets now and isn’t likely to make acquisitions at the moment although purchases are part of the strategy.
Dray also commented that companies like Xylem Inc want a piece of the $450 billion water industry that includes desalination, ballast water filtration, power generation and hydraulic fracturing. Xylem Inc is the biggest publicly traded “pure play” water stock with more than 90% of its revenue tied to water and water processing.
To read the whole article, Xylem CEO Wants More Revenue From Emerging Markets: Citi, go to the website of Bloomberg.
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