Citi analyst Andrew Kaplowitz initiated coverage of Parker-Hannifin (PH) with a Buy rating and $795 price target After transformation actions, Parker-Hannifin’s portfolio balances tactical short cycle exposure with longer-cycle more durable exposure to deliver mid-single-digit organic growth through fiscal 2027, the analyst tells investors in a research note. The firm sees the company as well positioned to deliver “outsized earnings growth” over time.
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