Wedbush Reports Buying Opportunity On Pentair

According to Wedbush, Pentair PNR presents a buying opportunity. Wedbush said that it believes concerns about the guidance for slower growth in Q3 are placing undue pressure on PNR shares as investors overlook a solid, in-line quarter and upbeat full-year guidance that reflects a strong second half. “Recent trends in the Norit Clean Process Technologies (CPT) provide us comfort in its more heavily weighted Q4 results, despite more seasonality than earlier anticipated.” Pentair closed yesterday at $38.90.