Pentair price target raised to $124 from $121 at RBC Capital

RBC Capital raised the firm’s price target on Pentair (PNR) to $124 from $121 and keeps an Outperform rating on the shares after its Q3 results. There were lots to like about Pentair’s beat and raise as, despite an uncertain macro, earnings quality was solid, the analyst tells investors in a research note. Pentair’s tariff-mitigating prices are also holding with no signs of demand destruction, RBC added.