TD Cowen Maintains Outperform Rating for Pentair: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TD Cowen has maintained its Outperform rating for Pentair (NYSE:PNR) and increased its price target from $65.00 to $75.00. Pentair, a global leader in the water treatment industry, saw its shares trading down 0.28% over the last 24 hours, at $68.84 per share. A move to $75.00 would account for a 8.95% increase from the current share price.
August 16, 2023 | 5:00 pm
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TD Cowen has maintained its Outperform rating for Pentair and raised its price target, indicating a positive outlook for the company. However, the stock has been trading down recently.
The maintained Outperform rating and increased price target by TD Cowen indicates a positive outlook for Pentair. This could potentially attract investors, driving the stock price up. However, the recent downward trend in the stock's trading could be a concern.
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