Rosenblatt Starts Pentair (PNR) at Buy

January 16, 2020 4:06 PM EST
Get Alerts PNR Hot Sheet
Price: $77.23 +0.76%

Rating Summary:
    12 Buy, 19 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 8
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Rosenblatt analyst Scott Graham initiates coverage on Pentair (NYSE: PNR) with a Buy rating and a price target of $54.00.

The analyst commented, "We are initiating coverage of PNR with a Buy rating and $54 PT. We expect PNR to shake off a difficult 2019 and drive earnings growth of +9% in 2020-21. More focused organic sales and margin-driving restructuring and productivity strategies should better read through with last year's excess channel inventory moving behind the company. We particularly favor how PNR is investing in technology and end-user preferences in its best businesses."

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 $45.84 yesterday.

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