Information Provided By:
Fly News Breaks for April 2, 2018
PNR
Apr 2, 2018 | 06:23 EDT
UBS analyst Steven Winoker upgraded Pentair to Neutral and raised his price target for the shares to $73 from $69. The analyst views upside/downside to the stock at 1.3 to 1 into the April 30 spin. He notes that strategic optionality for standalone nVent could boost the valuation above his target.
News For PNR From the Last 2 Days
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
Apr 23, 2024 | 07:00 EDT
Sees Q2 revenue growth 1%-2% vs. last year, consensus $1.12B.