Jefferies assumed coverage of Pentair (PNR) with a Buy rating and a price target of $125, down from $135. Despite depressed end markets, Pentair has demonstrated significant margin expansion over the last three years, notes the analyst, who projects EBITDA margin can increase about 100 basis points per year.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNR:
- Pentair announces retirement of chairman David Jones
- Pentair price target lowered to $130 from $135 at Seaport Research
- Pentair price target lowered to $102 from $115 at Barclays
- Pentair price target lowered to $125 from $140 at Seaport Research
- Pentair price target lowered to $122 from $128 at Oppenheimer