RBC Capital Maintains Outperform on Pentair, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Deane Dray has maintained an Outperform rating on Pentair (NYSE:PNR) but has reduced the price target from $79 to $78.

January 31, 2024 | 4:51 pm
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NEUTRAL IMPACT
RBC Capital has maintained an Outperform rating on Pentair but lowered the price target from $79 to $78, indicating continued confidence with a slightly reduced growth expectation.
The reduction in price target is minor, suggesting a slight adjustment in the expected performance of Pentair rather than a significant change in the company's outlook. The Outperform rating indicates that RBC Capital still has confidence in the company's potential to perform well in the market. However, the price target cut could lead to a neutral short-term impact on the stock as it reflects a tempered but not negative growth expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100