Wedbush Downgrades Pall Corp (PLL) to Neutral; Valuation Call
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Price: $7.25 --0%
Rating Summary:
6 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush downgraded Pall Corp (NYSE: PLL) from Outperform to Neutral with a price target of $64.00.
Wedbush analyst said, "Given the meaningful appreciation in the share price since the announced hire of Larry Kingsley and a softening in some of PLL’s core growth markets, we believe meaningful share appreciation from these levels may be challenging...In light of the FX headwinds, deceleration of orders and the aforementioned softening outlook in key end markets, we are reducing our FY12 and FY13 EPS estimates to $3.24 from $3.32 and to $3.84 from $3.90, respectively. While upside may exist to our FY13 estimates, much of the upside depends on the speed at which the company is able to implement its initiatives."
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 $61.20 yesterday.
Wedbush analyst said, "Given the meaningful appreciation in the share price since the announced hire of Larry Kingsley and a softening in some of PLL’s core growth markets, we believe meaningful share appreciation from these levels may be challenging...In light of the FX headwinds, deceleration of orders and the aforementioned softening outlook in key end markets, we are reducing our FY12 and FY13 EPS estimates to $3.24 from $3.32 and to $3.84 from $3.90, respectively. While upside may exist to our FY13 estimates, much of the upside depends on the speed at which the company is able to implement its initiatives."
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 $61.20 yesterday.
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