Goldman Sachs Maintains Sell on Pentair

Goldman Sachs is out with its report today on Pentair PNR, maintaining Sell. In its report, Goldman Sachs writes, "We maintain our Sell rating, relative to our coverage, on valuation, with 6% upside to our 12-month price target of $35 (13.2x 2012 P/E) vs. 20% upside on average for our Multi-industry coverage." Shares of PNR closed Wednesday at $32.92.