Market Overview

UPDATE: Canaccord Genuity Reiterates Hold Rating, Raises PT on Pentair

Related PNR
10 Notable Stocks Trading Ex-Dividend Wednesday, October 19
Presidential Candidates, And The Sectors Affected By Them

In a report published Wednesday, Canaccord Genuity reiterated its Hold rating on Pentair (NYSE: PNR), and raised its price target from $45.00 to $48.00.

Canaccord Genuity noted, “Post-merger, Pentair pulls back the curtain on impressive and achievable cost synergies and growth initiatives. Productivity keeps $5 in earnings potential intact for '15, even as the outlook for volumes/revenues gets revised lower. Now that '13 guidance is conservatively set, we find management's ability to execute against the Street much improved in the near to medium term and look for an entry point to get constructive.”

Pentair closed on Tuesday at $47.60.

Latest Ratings for PNR

Sep 2016Credit SuisseInitiates Coverage onNeutral
Sep 2016Cowen & Co.DowngradesMarket PerformUnderperform
Aug 2016BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for PNR
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings


Related Articles (PNR)

View Comments and Join the Discussion!