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

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In a report published Wednesday, Wedbush Securities analyst David L. Rose reiterated a Neutral rating on Pentair PLC (NYSE: PNR), 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.

Latest Ratings for PNR

DateFirmActionFromTo
Jan 2021Morgan StanleyMaintainsEqual-Weight
Dec 2020Morgan StanleyDowngradesOverweightEqual-Weight
Nov 2020Vertical ResearchDowngradesBuyHold

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Posted-In: David L. Rose Wedbush SecuritiesAnalyst Color Price Target Analyst Ratings

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