Pentair price target raised to $90 from $83 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Pentair to $90 from $83 and keeps an Overweight rating on the shares following the capital markets day. The financial targets underscore the progress Pentair’s is making, and seems likely to continue to make, in driving up margins independent of much sales growth, the analyst tells investors in a research note.