Pentair price target raised to $120 from $110 at Seaport Research

Seaport Research analyst Scott Graham raised the firm’s price target on Pentair (PNR) to $120 from $110 and keeps a Buy rating on the shares. The company’s Q3 adjusted EPS were higher year-over-year and came in above consensus, the analyst tells investors. The company continues “rolling along,” driving strong earnings growth, delivering on EPS guidance, and doing so with little aid from its main verticals, the firm adds.