Pall Corp (NYSE:PLL) Positioned Well for Increased Industrial Production

With the possibility of industrial production increasing, Jefferies (NYSE:JEF) said they see Pall Corp (NYSE:PLL) positioned strongly to take advantage of the probable trend.

Jefferies said, "PLL is well positioned to benefit from escalating industrial production activity, and its considerable exposure to favorable secular trends underway in Life Sciences markets is a key investment merit."

They raised full year EPS estimates for 2011 from $2.40 to $2.55, and for full year 2012 from $2.65 to $2.80.

Jefferies maintains their "Buy" rating on Pall, which closed Friday at $50.00, up $1.98, or 4.12 percent. They have a price target of $55 on them, increasing it from $45.