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PNR

Pentair

$45.94

0.08 (0.17%)

06:39
12/17/19
12/17
06:39
12/17/19
06:39

Pentair initiated with a Neutral at Citi

Citi analyst Andrew Kaplowitz initiated coverage of Pentair with a Neutral rating and $50 price target. The analyst sees risks to Pentair with the company in the early innings of accomplishing its residential and commercial filtration strategy and potentially limited growth in some of its end markets. He sees a balanced risk/reward at current share levels.

PNR Pentair
$45.94

0.08 (0.17%)

12/09/19
COWN
12/09/19
NO CHANGE
Target $52
COWN
Outperform
Pentair price target raised to $52 from $45 at Cowen
Cowen analyst Joseph Giordano raised his price target on Pentair to $52 from $45 to reflect higher growth expectations against easier comps. The analyst noted is estimates are highest on the Street despite using conservative growth estimates and he believes there is the potential for shares to re-rate higher if management can show the ability to deliver consistently. Giordano reiterated his Outperform rating on Pentair shares.
12/09/19
KEYB
12/09/19
DOWNGRADE
KEYB
Sector Weight
A.O. Smith downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Jeffrey Hammond downgraded A.O. Smith (AOS) to Sector Weight from Overweight. In a reteach note to investors, Hammond says he is replacing A.O. Smith with Pentair (PNR) 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, whereas he sees the potential for challenges in China to linger into 1H20 alongside a still-unsettled political landscape and Haier to disrupt what was a long- established three-player oligopoly in the North American water heater market, all dampening his optimism for A.O. Smith both near and longer term.
12/09/19
KEYB
12/09/19
UPGRADE
Target $52
KEYB
Overweight
Pentair upgraded to Overweight from Sector Weight at KeyBanc
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.
12/17/19
STFL
12/17/19
DOWNGRADE
Target $46
STFL
Hold
Pentair downgraded to Hold from Buy at Stifel
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.

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