Pentair price target raised to $98 from $92 at Oppenheimer

Oppenheimer raised the firm’s price target on Pentair to $98 from $92 and keeps an Outperform rating on the shares. The firm notes Pentair’s shares jumped 9% after the company reported a solid Q2 beat and raised its full-year earnings outlook. Oppenheimer believes revised guidance continues to leave some uncertainty to the upside and is very encouraged by the team’s ROS progression/implied baseline to 2025 profitability.