Pall Corp (PLL) PT Raised to $108 at BofA/Merrill Lynch; Strong Fundamentals Despite Curreny Headwinds

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.

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 $98.00 yesterday.

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