Jefferies upgrades Pentair to 'buy', raises PT

Pentair

10/12/2025 11:27

** Jefferies upgrades UK-based water technology firm Pentair  PNT.F, PNR.N to "buy" from "hold", hikes PT to $135 from $120

** New PT shows an upside of 32.5% from U.S.-listed shares' last close

** Brokerage says co set to grow through 2027 on volume recovery, margin gains, and possible acquisitions, with pool equipment demand rebounding in 2026

** Pentair plans to use about $1 bln for acquisitions through 2027, supported by strong cash flow and low leverage, which could lift earnings, says Jefferies

** However, brokerage cuts 2026 EPS forecast to $5.52 from $5.53

** 15 of 21 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is $124 - data compiled by LSEG

** YTD, shares up 1.2%

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))