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Pentair (PNR +2.8%) basks in an upgrade to Buy with price target of $58 from Bernstein. The move...

Pentair (PNR +2.8%) basks in an upgrade to Buy with price target of $58 from Bernstein. The move follows Pentair's 2013 EPS outlook of $3.10-$3.30 vs. 2012's expected range of $2.30-$2.35. Additionally, Pentair believes (presentation) it can earn $5 in 2015. The stock is the largest holding of the Water Resources ETF (PHO +1%).
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