Wedbush Reduces PT to $60 on Pall Corporation Due to Outlook

Wedbush reiterates its Neutral rating on Pall Corporation (NYSE: PLL) but cuts its price target from $64 to $60.

Wedbush says, "The disappointing quarter underscores the structural work ahead for Pall's new management, while global uncertainty creates some headwinds. Although adjusted earnings from continuing operations of $0.61 were $0.09 below our estimate, we believe the longterm fundamentals of PLL's business are healthy, while the next six months are likely to be below prior expectations."

PLL closed at $52.35 on Monday.

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