Stifel raised the firm’s price target on Pentair (PNR) to $126 from $115 and keeps a Buy rating on the shares. Global industrial stocks having materially outperformed the growth in earnings with 2024 EPS growth of 10% for the group, notes the analyst, who has “concerns in several areas,” but is “relatively bullish that growth will be similar in 2025.” However, the firm thinks stocks in the group “may have overshot the mark in the short term,” the analyst added.
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Read More on PNR:
- Trump Trade: Analyst moves to sidelines on Capital One after Trump rally
- Pentair price target raised to $126 from $113 at Citi
- Pentair price target raised to $120 from $108 at Barclays
- Pentair acquires G&F Manufacturing for $108M in cash
- Zoom upgraded, Target downgraded: Wall Street’s top analyst calls
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
