Parker-Hannifin initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of Parker-Hannifin (PH) with an Outperform rating and $1,090 price target implying 19% upside. The company has a “best-in-class” margin story, diverse portfolio geared towards growth, and a growing acquisition track record, the analyst tells investors in a research note. BMO says the shares have “more room to run.”