Pentair price target raised to $95 from $92 at Barclays

Barclays raised the firm’s price target on Pentair to $95 from $92 and keeps an Overweight rating on the shares. The company’s unchanged 2024 guide looks “considerably more conservative now,” the analyst tells investors in a research note. The firm believes Pentair remains undervalued, in light of the “strong self-help underway, and recovering Pool top-line.”