Xylem Climbs as Barclays Says Interim Chief to Cut Costs
This article is for subscribers only.
Xylem Inc., which replaced its chief executive officer earlier this month, rose the most since July after Barclays Plc upgraded the stock, saying successor Steve Loranger will be more aggressive in slashing costs.
The water company, based in White Plains, New York, spun off in 2011 while Loranger was chairman of ITT Corp., gained 2.5 percent to $28.23 at the close in New York the most since July