Xylem execution leads to growing constructive opinion at Canaccord Canccord said they are clearly growing more constructive on Xylem following several quarters on the sidelines. The firm cited solid execution and operational initiatives that should prove beneficial this year, as well as bolt-on acquisition potential and the company's strong balance sheet. Canaccord maintains its Hold rating and $38 price target on Xylem shares.
Xylem shares advance after CFO resigns, preliminary Q2 results Shares of global water technology provider Xylem are advancing after announcing the company CFO is resigning and also providing Q2 guidance last night. The company announced that Michael T. Speetzen, SVP and CFO, has resigned his position with the company to accept another CFO position, effective July 30. Shashank Patel will serve as interim CFO while the company conducts a search for a permanent successor. The company also provided a Q2 EPS view of 43c on revenue of $920M against average consensus estimates of 43c and $923.85M respectively. Shares of Xylem are up approximately 1% in late morning trading.