TD Cowen analyst Joseph Giordano raised the firm’s price target on Pentair to $80 from $75 and keeps an Outperform rating on the shares. The firm said the company margin story is very impressive and more detailswill come in March Investor Day. Pool is growing HSD this year despite market declining and likely accelerates into 2025 with first market growth in 3 years.
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Read More on PNR:
- Pentair sees Q1 adjusted EPS 81c-84c, consensus $1.00
- Pentair sees 2024 adjusted EPS $4.15-$4.25, consensus $4.21
- Pentair reports Q4 non-GAAP EPS 87c, consensus 86c
- Pentair upgraded to Outperform from Sector Perform at RBC Capital
- Pentair upgraded to Neutral at BofA on greater margin visibility
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