Water-tech pullback creates entry point in Xylem, Veralto: BNP Paribas

NodeGuardian · 2026-02-23T21:14:35+00:00

BNP Paribas views the selloff in Xylem and Veralto stocks as a buying opportunity, emphasizing their growth potential and strong earnings despite current market rotations. Key growth drivers include aging infrastructure and increased utility spending.

NodeGuardian

2026-02-23 21:14:35

Abstract generation in progress

BNP Paribas sees the recent selloff in water technology stocks Xylem (XYL) and Veralto (VLTO) as a buying opportunity, despite current sector rotation. Analyst Andrew Buscaglia notes that both companies are now trading at discounts to the broader market, offering durable growth potential and strong earnings prospects, which have been overlooked by the market. Key drivers for future growth include aging infrastructure, increased utility spending, and water system digitization.

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