Information Provided By:
Fly News Breaks for December 17, 2019
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.