Pentair's Structural Margin Enhancements Undervalued, Analyst Sees Positive Momentum In Pool Business
Portfolio Pulse from Shivani Kumaresan
KeyBanc analyst Jeffrey Hammond upgraded Pentair Plc (PNR) from Sector Weight to Overweight with a price target of $82, citing underappreciated structural margin enhancements and positive momentum in the Pool business. Despite recent stock price decline, the analyst believes concerns are overdone and anticipates strong performance moving into 2024, supported by self-help tailwinds from strategic pricing, sourcing, and improving mix.
December 13, 2023 | 6:10 pm
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Pentair Plc (PNR) was upgraded by KeyBanc analyst Jeffrey Hammond from Sector Weight to Overweight with a price target of $82, indicating a positive outlook on the company's margin improvements and pool business momentum.
The upgrade by KeyBanc reflects a strong conviction in Pentair's ongoing structural margin improvements and the potential for continued positive momentum in its Pool segment. The price target suggests a significant upside from the current trading price, which could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100