Pentair (PNR) (NSC) (ODFL) (PH) (PMTC) Price Targets Adjusted

Price targets on Pentair, Inc. (NYSE: PNR), Norfolk Southern Corp. (NYSE: NSC), Old Dominion (NASDAQ: ODFL), Parker-Hannifin Co. (NYSE: PH) and Parametric (NASDAQ: PMTC) adjusted by analysts.

FBR Capital raised their price target on Pentair, Inc. (PNR) from $38.00 to $41.00. They have a “market perform” rating on the company.

Deutsche Bank (NYSE:DB) raised their price target on Norfolk Southern Corp. (NSC) from $78.00 to $79.00.

Deutsche Bank raised their price target on Old Dominion (ODFL) from $40.00 to $44.00. They have a “buy” rating on the company.

MKM Partners cut their price target on Parker-Hannifin Co. (PH) from $105.00 to $102.00. They have a “buy” rating on the company.

Longbow Research raised their price target on Parametric (PMTC) from $26.00 to $28.00. They have a “buy” rating on the company.

Parametric Technology (Nasdaq:PMTC) Outlook Stronger on MFG Data

Recent data from the manufacturing sector seems to show it is enjoying some improvement in growth, according to Brigantine, and should be beneficial to Parametric Technology (Nasdaq:PMTC).

Brigantine says, "PTC delivered a solid quarter with revenues meeting guidance and non GAAP EPS coming in in-range. Our over enthusiasm had to do with the streams of positive manufacturing data we saw coming in the form of recent ISM data and Beige book data, this was magnified by PTC having a particularly strong 1Q 2010 license revenues number from which we modeled license revenue growth for Q1 2011.

"PTC will be hosting a conference call tomorrow to answer questions. We will fine tune our model and update our thoughts at that point. However, preliminarily we are now expecting revenues of $1,104.9 million and non GAAP EPS of $1.10. Our previous expectations were for revenues of $1,100.8 million and non GAAP EPS of $1.19 for FY 2011. Guidance is for revenue of between $1,110 million to$1,130 million with non GAAP EPS of $1.20-$1.25 for FY2011."

Brigantine Advisors maintains a 'Buy' rating on Parametric Technology (PMTC), which was trading at $22.88, losing $1.54, or 6.31 percent, as of 2:45 PM EST. Brigantine has a price target of $26 on Parametric.