JPMorgan analyst Stephen Tusa initiated coverage of Parker-Hannifin (PH) with an Overweight rating and $1,050 price target The firm sees favorable cycle timing for the company over the next several quarters as its end markets bottom. Parker-Hannifin will see orders accelerate with above average margin expansion, the analyst tells investors in a research note. JPMorgan expects the company to post “top quartile” earnings growth.
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