Fly News Breaks for December 18, 2018
PNR
Dec 18, 2018 | 07:50 EDT
Morgan Stanley analyst Joshua Pokrzywinski initiated Pentair with an Equal Weight rating and $41 price target, as he thinks its secular growth potential can offset a slowdown in housing activity. However, as he sees secular growth as uncertain, Pokrzywinski believes Pentair will have to resort to its balance sheet and excess free cash flow to achieve EPS targets in 2019 and possibly 2020, the analyst added.
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