Goldman Sachs lowered the firm’s price target on Pentair (PNR) to $95 from $104 and keeps a Neutral rating on the shares. The company reported strong Q1 results with top and bottom line results exceeding expectations, and importantly, outperformance of its Pool segment helped to offset volume declines within Flow and Water Solutions, the analyst tells investors in a research note. The management’s guidance was also reiterated as pricing and transformational efforts should offset impact from tariffs, the firm adds.
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Read More on PNR:
- Pentair’s Strategic Positioning and Financial Management Justify Buy Rating
- Early notable gainers among liquid option names on April 22nd
- Pentair price target lowered to $100 from $115 at Mizuho
- Pentair reports Q1 adjusted EPS $1.11, consensus $1.01
- Pentair still sees 2025 adjusted EPS $4.65-$4.80, consensus $4.71