Pentair price target raised to $98 from $92 at Seaport Research

Seaport Research raised the firm’s price target on Pentair to $98 from $92 and keeps a Buy rating on the shares. The company’s Investor Day was upbeat, with Pentair releasing favorable 3-year targets, the analyst tells investors. The firm is maintaining its estimates since its early in the year, but notes visibility on its forecasts is now higher.