Baird raised the firm’s price target on Parker-Hannifin (PH) to $763 from $710 and keeps an Outperform rating on the shares after hosting investor meetings with management. The message to investors was “steady execution” as Parker-Hannifin “appears well positioned to navigate any broader trade/tariff disruptions with little impact on margins or manufacturing strategy,” the analyst tells investors in a research note. The firm says aerospace demand tailwinds are “still firmly in place,” while industrial is in a downturn for now but likely gets better as 2025 progresses.
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Read More on PH:
- Parker-Hannifin downgraded to Hold from Buy at Stifel
- Parker-Hannifin initiated with a Buy at UBS
- Parker-Hannifin price target raised to $575 from $520 at TD Cowen
- Parker-Hannifin exec Bracht sells 1,551 common shares
- Parker-Hannifin price target raised to $710 from $650 at Argus
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
