Morgan Stanley initiated coverage of Parker-Hannifin (PH) with an Equal Weight rating and $700 price target The company has transformed itself into a “more secular, resilient business,” but the improvement is reflected in the re-rated multiple, the analyst tells investors in a research note. The firm also has concerned on forecasted Industrial mid-single-growth in fiscal 2026 and 2027, putting it on the sidelines.
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Read More on PH:
- Parker Hannifin: Balancing Transformation Success with Organic Growth Challenges – Hold Rating Maintained
- Parker-Hannifin price target raised to $670 from $630 at Stifel
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- Parker-Hannifin Filtration Group president Rob Malone retires
- Parker-Hannifin price target lowered to $680 from $780 at Argus
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