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Fly News Breaks for December 9, 2019
PNR
Dec 9, 2019 | 09:03 EDT
KeyBanc analyst Jeffrey Hammond upgraded Pentair (PNR) to Overweight from Sector Weight with a $52 price target. In a research note to investors, Hammond says Pentair is replacing A.O. Smith (AOS) as his preferred Water play, saying that while he sees an opportunity for both companies to improve materially off a low earnings base next year, he has higher confidence in Pentair fully stabilizing by year-end, clearing the path for an inflection at the onset of 2020.
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