RBC Capital Upgrades Pentair to Outperform, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has upgraded Pentair (NYSE:PNR) from Sector Perform to Outperform and increased the price target from $75 to $79, indicating a positive outlook on the company's stock.
January 12, 2024 | 9:47 am
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Pentair's stock rating has been upgraded by RBC Capital from Sector Perform to Outperform, with a raised price target from $75 to $79, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a vote of confidence in the company's future performance. The increase in price target further reinforces the positive sentiment, suggesting that RBC Capital sees more upside potential in Pentair's stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100