Pentair upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Pentair (PNR) to Overweight from Neutral with a price target of $113, up from $90. Following the U.S. tariff de-escalation with China, the firm believes Pentair’s volume expectations for the second half of 2025 are likely too conservative. In addition, the company’s price actions in its channel are sticking, which should combine to support upside to guidance, the analyst tells investors in a research note. JPMorgan says this is combined with an “undemanding valuation” on Pentair’s free cash flow.