Jefferies Maintains a 'Hold' on Pall Corp (PLL); Reducing FY13 Forecasts on Weak Q3
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Price: $67.43 --0%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
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Jefferies maintains a 'Hold' on Pall Corp (NYSE: PLL) price target of $50.00 (from $55.00).
Analyst, Jon Wood, said, "PLL's 3Q12 EPS of $0.61 was $0.05 below our forecast as weaker revenue growth & profitability trends more than offset the effects of a lower tax rate (+$0.02). We are lowering our FY12 & FY13 EPS forecasts to $2.72 (from $2.73) and $3.05 (from $3.30), respectively, to account for recent adverse FX-related developments and a weaker FY13 organic revenue growth outlook."
"...we await more compelling valuations & clarity around its capital redeployment priorities before revisiting our neutral investment disposition."
For an analyst ratings summary and ratings history on Pall Corp click here. For more ratings news on Pall Corp click here.
Shares of Pall Corp closed at $54.63 yesterday, with a 52 week range of $39.81-$64.55.
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Analyst, Jon Wood, said, "PLL's 3Q12 EPS of $0.61 was $0.05 below our forecast as weaker revenue growth & profitability trends more than offset the effects of a lower tax rate (+$0.02). We are lowering our FY12 & FY13 EPS forecasts to $2.72 (from $2.73) and $3.05 (from $3.30), respectively, to account for recent adverse FX-related developments and a weaker FY13 organic revenue growth outlook."
"...we await more compelling valuations & clarity around its capital redeployment priorities before revisiting our neutral investment disposition."
For an analyst ratings summary and ratings history on Pall Corp click here. For more ratings news on Pall Corp click here.
Shares of Pall Corp closed at $54.63 yesterday, with a 52 week range of $39.81-$64.55.
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