Canaccord Genuity Maintains a 'Hold' on Pentair (PNR); Slightly Adjusting FY Estimates
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Price: $63.78 -2.76%
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Hold' on Pentair (NYSE: PNR) price target of $38.00.
Canaccord analyst, John Quealy, said, "We stay more positively included into the mid-December outlook call, as we continue to like the focus on international expansion and technology-focused growth areas. Risk/reward appears balanced, in our view."
"Our estimates adjust to account for reported results and a more challenging market for Tech Products. F2011 goes to $3.50B/ $2.46 from $3.50B/$2.48;
2012 to $3.70B/$2.75 from $3.73B/$2.77."
For more ratings news on Pentair click here and for the rating history of Pentair click here.
Shares of Pentair closed at $36.79 yesterday.
Canaccord analyst, John Quealy, said, "We stay more positively included into the mid-December outlook call, as we continue to like the focus on international expansion and technology-focused growth areas. Risk/reward appears balanced, in our view."
"Our estimates adjust to account for reported results and a more challenging market for Tech Products. F2011 goes to $3.50B/ $2.46 from $3.50B/$2.48;
2012 to $3.70B/$2.75 from $3.73B/$2.77."
For more ratings news on Pentair click here and for the rating history of Pentair click here.
Shares of Pentair closed at $36.79 yesterday.
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