Market Overview

Jefferies & Company Reiterates Buy Rating, $54 PT on Pentair

Related PNR
Bank Of America Issues Downgrade, Lowers Guidance For Upstream Oil & Gas Plays
Top 4 NYSE Stocks In The Industrial Equipment & Components Industry With The Highest Dividend Yield

In a report published Wednesday, Jefferies & Company reiterated its Buy rating and $54.00 price target on Pentair (NYSE: PNR).

Jefferies noted, “PNR's analyst meeting hit the mark, in our view. Management provided guidance for 2013 that captured Street expectations. It lowered the LT sales growth goal but increased the merger synergy target to offset. There is significant heavy lifting ahead, but we believe key targets can be met.”

Pentair closed on Tuesday at $47.60.

Latest Ratings for PNR

DateFirmActionFromTo
Dec 2014JefferiesMaintainsBuy
Dec 2014Northland SecuritiesDowngradesBuyNeutral
Nov 2014RBC CapitalInitiates Coverage onOutperform

View More Analyst Ratings for PNR
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (PNR)

Around the Web, We're Loving...

Get Benzinga's Newsletters