Xylem CEO Wants More Revenue From Emerging Markets: Citi

Xylem Inc., a New York water technology company, wants to increase its revenue from emerging markets, according to a Citigroup Inc. analyst, citing a management dinner with new Chief Executive Officer Patrick Decker.

Xylem, with an estimated 17 percent of sales from emerging markets now, isn’t likely to make acquisitions at present though purchases are part of the strategy, wrote the analyst, Deane Dray, who rates the stock neutral. Decker took over the top spot at the Rye Brook, New York-based company in March.