Market Overview

UPDATE: Jefferies Raises PT on Pentair Following Adjusted 2H Estimates

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

In a report published Thursday, Jefferies analyst R. Scott Graham reiterated a Buy rating on Pentair (NYSE: PNR), and raised the price target from $63.00 to $68.00.

In the report, Jefferies noted, “Based on comments made by PNR in 2Q and our sense from a recent conversation with PNR, earnings will be more 4Q-oriented owing to seasonal trends in Tyco Flow's businesses. We are adjusting our 2H EPS estimates. There is no change to our full year 2013-2014 forecasts. PNR remains one of our top picks.”

Pentair closed on Wednesday at $60.19.

Latest Ratings for PNR

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

View More Analyst Ratings for PNR
View the Latest Analyst Ratings

Posted-In: Jefferies R. Scott GrahamAnalyst Color Price Target Analyst Ratings


Related Articles (PNR)

Around the Web, We're Loving...

Get Benzinga's Newsletters