Pentair price target lowered to $75 from $90 at TD Cowen

TD Cowen analyst Joe Giordano lowered the firm’s price target on Pentair (PNR) to $75 from $90 and keeps a Sell rating on the shares. The firm said the full year pool outlook was revised lower and they are starting to see some early erosion in performance versus what’s implied by purchase behavior at their largest customer.