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Fly News Breaks for December 17, 2019
PNR
Dec 17, 2019 | 05:20 EDT
Stifel analyst Nathan Jones downgraded Pentair to Hold from Buy with an unchanged price target of $46. Pentair's 2020 prospects look improved over 2019 where discrete headwinds, particularly in the Aquatics business, create easy comparisons in the first half of 2020, Jones tells investors in a research note. However, the analyst believes the share price currently reflects the company's improved short term prospects. He views the stock as reasonably valued at current levels.
News For PNR From the Last 2 Days
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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.
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