Wedbush Securities Reiterates Neutral Rating, Raises Price Target On Pentair On Muted Upside And Downside

In a report published Wednesday, Wedbush Securities analyst David L. Rose reiterated a Neutral rating on

, and raised the price target from $70.00 to $72.00. In the report, Wedbush Securities noted, "Adjusted operating results for Q4 were essentially in-line with estimates on slightly lower than expected sales, a recurring theme for PNR. While the 2015 guidance was lowered, shortly following the December call, the outlook is generally decent, given continued progress on margins and good free cash flow generation. However, we remain NEUTRAL as the risk/reward tradeoff seems about balanced given almost no growth for ‘15." Pentair closed on Tuesday at $65.69.