Mizuho Securities analyst Brett Linzey maintains $Pentair (PNR.US)$ with a buy rating, and sets the target price at $110.
According to TipRanks data, the analyst has a success rate of 73.1% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pentair (PNR.US)$'s main analysts recently are as follows:
The firm has adjusted its models for several electrical equipment and multi-industry companies, taking into account seasonality and trend data in anticipation of the Q3 earnings season. This adjustment encompasses corporate feedback, updates to portfolios, channel checks, and other relevant data. The overall valuation increase within the sector has contributed to the higher valuation assessment.
In the short term, several factors impacting industrial demand will be closely monitored, including indications from recent proprietary channel check surveys that suggest a relatively stable outlook for domestic demand from distribution partners. However, external factors such as inflation, interest rates, and the U.S. elections are seen to have an ongoing influence on customer sentiment. Deflationary pressures, especially those originating from steel, could potentially affect revenue negatively but might have a positive effect on margins and income.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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