Pentair price target raised to $101 from $99 at RBC Capital

RBC Capital raised the firm’s price target on Pentair (PNR) to $101 from $99 and keeps an Outperform rating on the shares after its Q1 earnings beat. There were lots of feel-goods in Pentair’s Q1 operating beat and reaffirm, including a broad-based Q1 growth and margin upside, precise tariff preparedness, no signs of project pushouts/demand destruction, upside from self-help transformation, and a reaffirmed guide, which is arguably the “new raise” in this uncertain macro, the analyst tells investors in a research note. RBC adds that it remains positive on Pentair’s outlook with its resilient 75% aftermarket/break-and-fix mix and pricing power.