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Barclays cuts Pentair to 'equal-weight', trims PT
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Barclays has downgraded Pentair, a UK-based water technology firm, from "overweight" to "equal-weight" and reduced its price target from $127 to $115, still implying an 8% upside. Barclays notes that Pentair's margin growth is mostly complete, with future gains expected from sales rather than cost cuts. The brokerage anticipates sales improvement with U.S. rate cuts in 2026, but margin gains may be peaking. Currently, 14 out of 21 brokerages rate the stock as "buy" or higher.
Source: Reuters The copyright of this article belongs to the original author/organization.
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