Andrew Kaplowitz, an analyst from Citi, maintained the Buy rating on Parker Hannifin (PH – Research Report). The associated price target is $795.00.
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Andrew Kaplowitz has given his Buy rating due to a combination of factors including Parker Hannifin’s strategic portfolio transformation and its ability to balance short and long-cycle exposures, which is expected to yield moderate single-digit organic growth through FY27. The company’s Win Strategy 3.0 is anticipated to drive significant margin improvements, alongside a flexible capital deployment strategy, positioning PH for substantial earnings growth over time.
Despite potential risks such as cyclical pressures, a subdued international economic outlook, and integration risks from larger M&A deals, Kaplowitz believes the company’s strong cash generation and favorable aerospace industry trends support its growth prospects. He sets a target price of $795, reflecting a 27x multiple on the FY26 EPS estimate of $29.45, expecting a notable earnings growth acceleration, particularly with a PMI recovery projected in the latter half of 2025.
In another report released on January 31, Wells Fargo also assigned a Buy rating to the stock with a $775.00 price target.