Wolfe Research Downgrades Pentair plc (PNR) Amid Concerns Over Market Share Loss
On July 9, Wolfe Research downgraded Pentair (NYSE: PNR) to Peer Perform from Outperform and reduced its fair value estimate. The downgrade is due to concerns over a lack of near-term catalysts and market share loss in the pool business.
Tickers: $PNR
Topics: analyst downgrade dividend growth stocks margin expansion market share concerns