Mizuho analyst Brett Linzey upgraded Pentair to Buy from Neutral with a price target of $60, up from $44. The analyst also added Pentair to his "2023 Top Pick list" for his industrial technology coverage. Bearish residential sentiment is peaking and inventory reductions are underway, Linzey tells investors in a research note. The analyst also sees a pool bottom mid-year. Investor Focus can now shift to Pentair’s transformation savings opportunities, contends Linzey.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PNR:
