Jefferies analyst Saree Boroditsky upgraded Pentair (PNR) to Buy from Hold with a price target of $135, up from $120. The firm believes the company should compound earnings through 2027 due to a combination of volume recovery and margin expansion, with potential upside from acquisitions. Pool volumes should accelerate into 2026 as discretionary spending hits trough levels and replacement accelerates as the industry laps the high level of COVID-era installations, the analyst tells investors in a research note.
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