BofA lowered the firm's price target on Pentair to $80 from $88 and keeps an Underperform rating on the shares. Q1 adjusted EPS beat on slightly better top line and margin performance and the firm raised its 2026 and 2027 adjusted EPS estimates by 2% and 3%, respectively, to reflect an outlook for higher share repurchases, but cut its target due to lower industry multiples.
