Here's Why Shares of Xylem Were Underwater Today

An analyst downgrade hit the stock today, but that could be creating a buying opportunity. Shares of water infrastructure technology company Xylem (XYL -4.93%) were down by almost 5% as of 11:30 a.m. ET today. The decline comes after an analyst rating downgrade to a hold from a buy amid concerns over earnings momentum and valuation. Here's the lowdown. A good year for the water technology sector An analyst at TD Cowen maintained a $138 price target (the stock opened around that price today) but downgraded t ...