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Pall's
PLL fiscal-3Q11 (Apr) EPS of $0.72 was $0.01 “ahead of consensus on stronger than expected revenue growth, which offset a weaker profitability experience,” Jefferies reports.
“We are raising our FY11 and FY12 EPS forecasts to $2.88 (from $2.85) and $3.30 (from $3.25), respectively,” Jefferies writes, adding that its $61 price target is unchanged on consistent cash flow forecasts.
Pall closed Wednesday at $52.92.
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