Oppenheimer Raises Target on Pentair (PNR) to $51 On Tyco Deal
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Price: $66.16 -1.06%
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer raised its price target on Perform-rated Pentair (NYSE: PNR) from $40 to $51 after yesterday's merger with Tyco's Flow Control.
"The combined entity projects $0.40 accretion to adjusted '13E EPS, and targets over $5.00 EPS by 2015, inclusive of $250M in synergies (excluding revenue opportunities)," the firm notes.
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 $46.32 yesterday.
"The combined entity projects $0.40 accretion to adjusted '13E EPS, and targets over $5.00 EPS by 2015, inclusive of $250M in synergies (excluding revenue opportunities)," the firm notes.
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 $46.32 yesterday.
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