Jefferies Starts Pentair (PNR) at Buy

June 22, 2011 7:19 AM EDT
Get Alerts PNR Hot Sheet
Price: $66.16 -1.06%

Rating Summary:
    17 Buy, 15 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Pentair (NYSE: PNR) with a Buy rating and $50 price target.

The firm states, "PNR's focus on leveraging secular trends, market expansion, and ops improvements we believe should generate upper-single digit sales and 20% earnings growth."

For more ratings news on Pentair click here and for the rating history of Pentair click here.

Shares of Pentair closed at $38.97 yesterday.


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