Pentair price target raised to $66 from $65 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Pentair to $66 from $65 and keeps an Overweight rating on the shares post the Q1 results. The analyst says the company’s margin performance in Q1 suggests its transformation is "really bearing fruit." The firm views Pentair’s valuation as "undemanding" at current share levels.