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Fly News Breaks for November 7, 2016
PNR
Nov 7, 2016 | 08:18 EDT
As reported previously, Susquehanna Robert Barry downgraded Pentair to Neutral from Positive as he sees less opportunity for multiple expansion given low apparent top-line visibility and persistent investor concerns about M&A related capital deployment. Barry lowered his price target to $59 from $69 on Pentair shares.
News For PNR From the Last 2 Days
PNR
PNR
Apr 24, 2024 | 09:06 EDT
RBC Capital analyst Deane Dray raised the firm's price target on Pentair to $103 from $101 and keeps an Outperform rating on the shares. The company's earnings quality was good, and the firm still expects upside in Pool business this year, the analyst tells investors in a research note. RBC further notes that the Pool channel inventory has reset, and Pentair is building inventory ahead of what it expects will be a solid 2Q24 pool-opening season.
PNR
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