Pentair price target raised to $72 from $70 at Oppenheimer

Oppenheimer raised the firm’s price target on Pentair to $72 from $70 and keeps an Outperform rating on the shares. Pentair’s Q1 operational beat was broad-based, commercial and industrial businesses have solid momentum, residential platforms should stabilize over the coming quarters, and Transformation initiatives have clear needle moving traction, the analyst tells investors in a research note.