Pentair price target raised to $101 from $99 at RBC Capital

RBC Capital raised the firm’s price target on Pentair (PNR) to $101 from $99 and keeps an Outperform rating on the shares. The company navigated past the rough water cited in the recent negative pre-announcements by distributors Pool Corp (POOL) and Leslie’s (LESL) to post a Q2 beat-and-raise, the analyst tells investors in a research note. Pentair also remains in the early innings of deploying 80/20, with benefits not hitting the P&L until 2025, the firm added.