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Bank of America Cuts Pentair (PNR) PT to $88, Sees Weak Q1 Ahead
Bank of America has lowered its price target for Pentair (PNR) to $88 from $100, maintaining an Underperform rating due to expectations of weak Q1 earnings across the building product sector. This follows a similar price target reduction by Stifel Financial. Both firms anticipate minimal surprises or catalysts from the upcoming earnings season for companies like Pentair, a global provider of water solutions.