Canaccord Genuity Maintains a 'Hold' on Pentair (PNR); Waiting for the Resi Rebound
Tweet
Share
E-mailGet Alerts PNR Hot Sheet
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
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on Pentair (NYSE: PNR) price target raised $1 to $37.
Analyst, John Quealy, said, "No surprises following the recent update in mid-December, with weaker-than-expected results in residential filtration and continued sluggishness for larger muni market activity. We like the commitment to innovation and emerging market expansion, although we find risk/reward balanced given persistent residential challenges."
"Our estimates are refined as follows: F2012E goes to $3.71B/ $2.64 from $3.70B/$2.61. We introduce 2013 estimates at $3.90B/$2.95."
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 $36.82 yesterday.
Analyst, John Quealy, said, "No surprises following the recent update in mid-December, with weaker-than-expected results in residential filtration and continued sluggishness for larger muni market activity. We like the commitment to innovation and emerging market expansion, although we find risk/reward balanced given persistent residential challenges."
"Our estimates are refined as follows: F2012E goes to $3.71B/ $2.64 from $3.70B/$2.61. We introduce 2013 estimates at $3.90B/$2.95."
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 $36.82 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pentair Pool and Pool Brain integrate pump and service software
- JPMorgan Downgrades Pop Mart International Group Ltd (9992:HK) to Underweight
- UBS Downgrades Alkane Resources (ALK:AU) to Neutral
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
