Canaccord Genuity Maintains a 'Hold' on Pentair (PNR); New Year, Known Challenges
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Price: $64.40 +0.97%
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Pentair (NYSE: PNR) price target lowered from $38 to $36.
Canaccord analyst, John Quealy, said, "The Q4 revision reflects steeper than expected volume declines (Western Europe/Resi treatment channel), while the initial outlook for ’12 (~4-6% organic growth) balances current macro uncertainties and continued pricing/productivity initiatives (driving margin expansion). We like the commitment to innovation and emerging market expansion, although find risk/reward balanced given persistent residential challenges."
"Our estimates adjust to incorporate the updated outlook and incremental headwinds in 2012. F2011 goes to $3.46B/ $2.39 from $3.49B/$2.46; 2012 to $3.70B/$2.61 from $3.70B/$2.75."
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 $33.92 yesterday.
Canaccord analyst, John Quealy, said, "The Q4 revision reflects steeper than expected volume declines (Western Europe/Resi treatment channel), while the initial outlook for ’12 (~4-6% organic growth) balances current macro uncertainties and continued pricing/productivity initiatives (driving margin expansion). We like the commitment to innovation and emerging market expansion, although find risk/reward balanced given persistent residential challenges."
"Our estimates adjust to incorporate the updated outlook and incremental headwinds in 2012. F2011 goes to $3.46B/ $2.39 from $3.49B/$2.46; 2012 to $3.70B/$2.61 from $3.70B/$2.75."
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 $33.92 yesterday.
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