Barclays Q3 Preview on Pall Corp (PLL); Cutting Estimates and Price Target on Softening Demand

Barclays reiterates an 'Equalweight' on Pall Corp (NYSE: PLL) price target of $56.00 (from $60.00).

Analyst, Nandita Koshal, said, "We are moderating our top- and bottom-line estimates given continued softening in European and Asian demand, reduced visibility on global growth prospects, and more unfavorable FX. While biopharma demand should be relatively resilient, we expect management to reiterate their more cautious tone..."

Koshal lowers FY12 EPS estimate from $3.21 to $3.18 and FY13 from $3.67 to $3.63.

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 $54.55 yesterday.

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