Barclays cuts Pentair to 'equal-weight', trims PT

Pentair

04/12/2025 13:04

** Barclays downgrades UK-based water technology firm Pentair PNT.F to "equal-weight" from "overweight"; cuts PT to $115 from $127

** New PT still implying an upside of 8% from the stock's last close

** Brokerage says co's margin growth is mostly done, and future gains will come more from higher sales than cost cuts as restructuring benefits fade by 2026

     ** Barclays expects co's sales to improve with U.S. rate cuts in 2026, but margin gains from the Transformation program may be topping out

** Fourteen of 21 brokerages rate the stock "buy" or higher, six "hold" and one "sell" ; their median PT is $124- data compiled by LSEG

** As of last close, stock up 5.8% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))