01:45 AM EDT, 10/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reaffirm our Buy recommendation on PNR shares following Q3 results and raise our 12-month target to $125 from $120, valuing shares at 23x our 2026 EPS of $5.43 (up from $5.35; 2025 EPS outlook lifted to $4.89 from $4.85), above PNR's historical average. Organic sales expansion remained broad-based during the quarter, with core growth being led by its Pools performance. Tariff impacts were managed via pricing actions and supply chain actions - PNR is working to reduce supply chain exposure to China, which we view as a prudent move to reduce sourcing risks. Looking ahead to 2026, management indicated that pricing carryover will serve as a tailwind for both sales and bottom-line results. We view anticipated rate cuts as a potential catalyst for relevant market recoveries given PNR's exposure to construction spending. We are bullish on PNR's ongoing portfolio buildout via M&A, with a balance sheet that we see supporting accretive deals.