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Fly News Breaks for May 30, 2017
PNR
May 30, 2017 | 07:47 EDT
Cowen analyst Joseph Giordano noted Pentair has underperformed over the past six months but it has performed better recently in part to reflect the possibility of a breakup and/or acquisition. The analyst said his sum-of-the-parts valuation is roughly 10% lower than its current price. Giordano reiterated his Underperform rating, though raised his price target to $59 from $50 on Pentair shares.
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