From Financial Modeling Prep: 2025-05-16 16:37:00

Pentair (NYSE:PNR) shares jumped over 2% after JPMorgan upgraded the company to Overweight and raised its price target to $113. The upgrade was based on easing tariff concerns, pricing resilience, and attractive valuation relative to free cash flow expectations.

JPMorgan noted that the tariff environment has stabilized, reducing input cost pressure and potentially phasing out related surcharges. Price increases are expected to stick, especially through established distribution channels.

Pentair’s second-half volume expectations, projected down over 6%, are seen as overly conservative. Demand is expected to remain steady with no major pullback in customer spending.

JPMorgan sees a sector-wide re-rating reflecting the market’s climb, making Pentair’s valuation less compelling on an absolute basis but still reasonable relative to the S&P 500. The company has margin upside potential if demand holds and pricing remains durable.



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