Morgan Stanley Maintains Underweight on Pentair, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has maintained an 'Underweight' rating on Pentair (NYSE:PNR) and raised the price target from $53 to $58.
July 12, 2023 | 1:37 pm
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Morgan Stanley has maintained an 'Underweight' rating on Pentair and raised the price target from $53 to $58.
The 'Underweight' rating suggests that Morgan Stanley expects Pentair's stock to underperform compared to other stocks. However, the increase in price target from $53 to $58 indicates a positive outlook on the stock's value. The net impact is likely to be negative in the short term due to the 'Underweight' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100