Credit Suisse Starts Pentair (PNR) at Neutral
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Credit Suisse initiates coverage on Pentair (NYSE: PNR) with a Neutral rating and a price target of $66.00.
Analyst Julian Mitchell commented, "We initiate coverage of PNR with a Neutral rating and $66 TP. Management is enacting a number of strategic and operational measures to become a ‘narrowly diversified’ industrial with higher profitability and lower balance sheet leverage."
Shares of Pentair closed at $61.26 yesterday.
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