Pentair's price target has been increased by UBS from $100 to $115, with a Buy rating on the stock. UBS has expressed increased confidence in Pentair's ability to achieve margin expansion beyond the 2026 baseline target of 24%. They highlight ongoing improvements in margins despite current sales pressures.

Pentair is currently in the second phase of its three-wave Transformation strategy, which is expected to enhance performance. The early implementation of the 80/20 strategy is anticipated to yield positive results starting in 2025. UBS also points to declining interest rates as a potential catalyst for demand growth in Pentair's consumer discretionary sectors, particularly within its Pool and Water Solutions businesses, projected for 2025 and 2026.