RBC Capital lowered the firm’s price target on Pentair (PNR) to $117 from $124 and keeps an Outperform rating on the shares. The company delivered a mostly in-line quarter with 2026 guidance meeting expectations, the analyst tells investors in a research note. Pentair still has meaningful runway for transformation savings beyond 2026, with management’s assertion that “transformation is a long way from over”, the firm added.
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: