As previously reported, Wolfe Research analyst Nigel Coe upgraded Parker-Hannifin (PH) to Outperform from Peer Perform with a $786 price target Parker “still has the DNA of a short cycle industrial” and an inflecting ISM could see lagging sales growth move to above-average, the analyst tells investors. Positive EPS momentum and expanding capital optionality should sustain and support Parker’s relative valuation, the analyst argues.
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Read More on PH:
- Parker-Hannifin upgraded to Outperform from Peer Perform at Wolfe Research
- Parker-Hannifin named Top Pick at Jefferies, price target raised to $810
- Parker-Hannifin price target raised to $800 from $703 at Barclays
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- Parker-Hannifin price target raised to $775 from $725 at KeyBanc
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
