Deutsche Bank Raises PT on National Instruments (NATI)

Deutsche Bank is out with its report on National Instruments NATI, raising its PT from $42 to $45, and maintaining Overweight. In a note sent to clients, Deutsche Bank writes, "Shares of Overweight-rated National Instruments should exhibit upward momentum following strong 4Q results. While company plans to aggressively reinvest in the business may temper some incremental leverage opportunities, we believe that the strong print and guide leaves room for further upside potential in C2011." Shares of NATI are trading pre-market at $39.77, up 0.73% from Tuesday's close.