RBC Capital upgraded Pentair to Outperform from Sector Perform with a price target of $79, up from $75. The worst of the post-COVID tough pools comps and destocking “appear to have passed,” while self-help initiatives could drive an incremental 200 basis points of margin upside by 2025, the analyst tells investors. Potential positive catalysts may be coming from the March 6 analyst meeting, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PNR: