Stifel maintains a Buy rating on Pentair’s shares with a $69 target price. While Pentair’s major pool distributor reported below consensus earnings on Thursday morning, the firm’s analysis suggests Pentair’s results will be closer to in-line with consensus estimates. With shares trading at 12.2-times 2023 EBITDA, 3 turns below the long-term average in a down year for Pool (POOL), Stifel continues to view the shares as a compelling investment opportunity.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PNR: