UPDATE: Stifel Initiates Coverage on Xylem on Valuation, Good Secular Drivers

In a report published Wednesday, Stifel analyst Nathan Jones initiated coverage on Xylem (NYSE: XYL ) with a Hold rating. In the report, Stifel noted, “We are initiating coverage of Xylem Inc. (XYL) with a Hold rating on the shares. Xylem is a leading, global, pure play water company with