BofA/Merrill Lynch analyst Derik de Bruin reiterated a Buy rating and boosted his price target on Pall Corp (NYSE: PLL) to $108.00 (from $96.00) following impressive Q1 results despite severe currency challenges.

de Bruin notes underlying business continues to strengthen, with the company delivering gits strongest results in 10 quarters.

Despite updating FY15 revenue guidance to reflect an approx. $125mn f/x headwind, management raised organic sales guidance, with Life Sciences LC growth now expected up in the high single digits, the analyst noted.

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Shares of Pall Corp closed at $98.00 yesterday.