Oppenheimer Maintains Outperform Rating on Pentair (PNR)

Pentair plc (NYSE:PNR) is one of the 15 best Industrial Machinery and Supplies stocks to buy according to Hedge Funds.

On February 4, Bryan Blair of Oppenheimer maintained his Outperform rating on Pentair plc (NYSE:PNR) but lowered his price target from $128 to $122. Despite this downward revision, his forecast still yields roughly 16% upside potential from the prevailing level.

Blair’s revision came at the back of the company’s results announcement for the fourth quarter, registering $1.18 in adjusted EPS. The analyst also noted that management’s 2026 guidance remained slightly below consensus expectations. However, he remains bullish on the stock with a recommendation to buy on dips.

Back on January 16, JPMorgan analyst Stephen Tusa also revised his price target on Pentair (NYSE:PNR) from $132 to $124, while reiterating his Overweight rating on the stock. Despite a downward revision of the target price, Tusa’s estimates still lead to an upside potential of nearly 18% for investors.

Tusa’s rating was based on JPMorgan’s broader adjustments to the electrical equipment and multi-industry segment, in line with the fourth quarter results preview. The firm remains optimistic on “growth related names into and out of the quarter.”

Pentair plc (NYSE:PNR) is an industrial manufacturing company delivering water solutions across the globe. It operates across 3 business segments: Flow, Water Solutions, and Pool. It delivers commercial, industrial, and residential water management solutions, including pressure vessels, wastewater reuse systems, separation systems, water disposal & supply pumps, fluid transfer pumps, and turbine pumps.

While we acknowledge the potential of PNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. This article is originally published at Insider Monkey.