pentair

Jefferies & Company has initiated coverage on Pentair (NYSE: PNR) with a Buy rating and $50 price target.

Piper Jaffray is out with its report today on Pentair (NYSE: PNR), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We are incrementally more optimistic about the growth and synergy that the recently acquired Norit CPT business will bring to Pentair over the next 12-18 months...

Piper Jaffray has lowered the price target on Pentair (NYSE: PNR) from $48 to $47 and maintains its Overweight rating.

According to Sterne Agee, Pentair (NYSE: PNR) estimates and price target are increased. Sterne Agee reported that Pentair announced an agreement to acquire Norit Holding B.V.'s Clean Process Technologies (CPT) division for €503M (~$705M), or ~2x estimated 2011 revenue of ~$350M, plus minimal net...

Citi, citing the acquisition of privately held filtration business, Norit, has upgraded its rating on Pentair, Inc. (NYSE: PNR) from Hold to Buy and has increased the price target from $39 to $45. According to Citi, “the Norit deal marks a decisive and frankly unexpectedly bold move. Investors...

Citigroup has upgraded Pentair, Inc. (NYSE: PNR) from Hold to Buy and has raised the price target from $39 to $45.

Citigroup has published a research report on Multi-Industry & Electrical Equipment (MI-EE) companies as the industry discloses its 2011 outlook. In the report, Citigroup writes "Multi- Industry & Electrical Equipment (MI-EE) companies launch their annual blitz of 2011 outlook meetings/calls...

Citi maintains its ratings on Wesco International (NYSE: WCC)and Pentair, Inc. (NYSE: PNR) following day 2 of Citi's SMID Conference. In a note to clients, Citi writes, "PNR is trading at 14.1x 2011 P/E, in line with its large-cap MI-EE peers and towards the low-end of its historical relative P/E...

Oppenheimer has published a research report on Pentair, Inc., (NYSE: PNR) and has downgraded the company to Perform from Outperform based on disappointing operating margins. In the report, Oppenheimer writes "We are downgrading shares to Perform from Outperform on disappointing Water operating...

Directors of Pentair, Inc. (NYSE: PNR) declared a regular quarterly cash dividend of 19 cents per share payable November 12, 2010 to shareholders of record at the close of business on October 29, 2010.