Pentair shares are trading lower after RBC Capital maintained an Outperform rating on the stock and lowered its price target from $103 to $99.
Portfolio Pulse from Benzinga Newsdesk
Pentair shares are trading lower after RBC Capital maintained an Outperform rating on the stock but lowered its price target from $103 to $99.
June 25, 2024 | 1:58 pm
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Pentair shares are trading lower after RBC Capital maintained an Outperform rating on the stock and lowered its price target from $103 to $99.
The lowering of the price target by RBC Capital, despite maintaining an Outperform rating, suggests a more cautious outlook on Pentair's near-term performance. This has led to a negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100