Pentair price target raised to $83 from $81 at Barclays

Barclays raised the firm’s price target on Pentair to $83 from $81 and keeps an Overweight rating on the shares post the Q4 report. The Q1 guidance is slightly below the Street, says the firm, which does not expect a strong share reaction, given the in-line fiscal year guide and “sluggish consumer reads.”