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Fly News Breaks for January 16, 2020
PNR
Jan 16, 2020 | 16:10 EDT
Rosenblatt Securities analyst Scott Graham initiated coverage of Pentair with a Buy rating and $54 price target. Graham said he expects Pentair to "shake off" a difficult 2019 and drive earnings growth of 9% or more in 2020 and 2021. The analyst added that he particularly favors how the company is investing in technology and end-user preferences in its "best" businesses.