Susquehanna initiated coverage of Parker-Hannifin (PH) with a Positive rating and $860 price target The company has positioned itself to capitalize on the more cyclically resilient growth trends in aerospace and defense, digitalization, electrification, and clean technologies, the analyst tells investors in a research note. The firm sees Parker-Hannifin benefiting in the medium term from its higher margin aftermarket business, solid execution and a disciplined acquisition strategy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PH:
- Parker-Hannifin initiated with a Positive at Susquehanna
- Parker Hannifin’s Record Year and Cautious Outlook
- Parker-Hannifin price target raised to $845 from $735 at Raymond James
- Parker-Hannifin price target raised to $810 from $790 at KeyBanc
- Parker-Hannifin price target raised to $809 from $722 at Deutsche Bank