Pentair price target raised to $101 from $87 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Pentair to $101 from $87 and keeps an Outperform rating on the shares. Pentair’s margin target of 24% by 2026 is both achievable and conservative as the company has ample self-help margin levers to hit that level, the analyst tells investors in a research note.