Jefferies Lifts Target on Pall Corp (PLL), Outlook Appears Rational

Jefferies boosted its price target on Hold-rated Pall Corp (NYSE: PLL) from $50 to $58 following Q4 results.

The firm comments, "Post PLL's 4Q12 results, we are raising our FY13 EPS forecast to $3.15 (from $3.05) to account for the effects of $300M of anticipated share repurchase activities (+$0.10). Our FY14 EPS forecast moves to $3.65 (from $3.45) on the revision. Our PT moves to $58 (from $50) on higher intermediate-term cash flow assumptions."

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 $62.80 yesterday.

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