UPDATE: Jefferies Reiterates on Pentair Following Houston Analyst Event

In a report published Thursday, Jefferies analyst R. Scott Graham reiterated a Buy rating on Pentair (NYSE: PNR ), and raised the price target from $79.00 to $82.00. In the report, Jefferies noted, “We attended PNR's analyst event in Houston. The event focused on unbundling the Tyco Flow businesses. We