UPDATE: Jefferies Raises PT on Pentair Following Adjusted 2H Estimates
July 18, 2013 at 11:28 AM EDT
In a report published Thursday, Jefferies analyst R. Scott Graham reiterated a Buy rating on Pentair (NYSE: PNR ), and raised the price target from $63.00 to $68.00. In the report, Jefferies noted, “Based on comments made by PNR in 2Q and our sense from a recent conversation with PNR, earnings