UPDATE: Wedbush Downgrades Pall Corporation to Neutral

Wedbush lowers its rating on Pall Corporation

to Neural from Outperform as upside remains modest in the near term. Price target is unchanged at $64. Wedbush notes, "Given the meaningful appreciation in the share price since the announced hire of Larry Kingsley and a softening in some of PLL's core growth markets, we believe meaningful share appreciation from these levels may be challenging." PLL closed at $61.20 a share yesterday.