Credit Suisse Starts Pentair (PNR) at Neutral

September 26, 2016 6:32 AM EDT
Get Alerts PNR Hot Sheet
Price: $58.93 --0%

Rating Summary:
    10 Buy, 18 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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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."

For an analyst ratings summary and ratings history on Pentair click here. For more ratings news on Pentair click here.

Shares of Pentair closed at $61.26 yesterday.

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