Chart of the Day - Pentair (PNR)

The "Chart of the Day" is Pentair (PNR), which showed up on Monday's Barchart "All-Time High" list. Pentair on Monday edged to a new all-time high of $49.00 and closed +2.13%. TrendSpotter has been long since Nov 2 at 45.75. In recent news on the stock, Bernstein on Nov 29 upgraded Pentair to Outperform from Market Perform with a price target of $58. RW Baird on Nov 20 upgraded Pentair to Outperform from Neutral and raised its target price to $60 from $52 based on valuation, cost synergies, stock buybacks, and attractive end markets. Pentair, with a market cap of $10 billion, comprises two core business groups: water technologies and enclosures.