Stifel lowered the firm’s price target on Parker-Hannifin (PH) to $564 from $691 and keeps a Hold rating on the shares. The firm is assuming U.S. trade policy leads to a modest industrial recession in the second half of this year through the first half of 2026 and assumes uncertainty leads to lower customer capital and operating expenditures, which cause Parker-Hannifin and/or its customers to slow production.
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Read More on PH:
- Parker-Hannifin price target lowered to $650 from $800 at BofA
- Parker-Hannifin price target lowered to $665 from $795 at Citi
- Parker-Hannifin price target lowered to $700 from $750 at Barclays
- Parker-Hannifin price target lowered to $690 from $790 at KeyBanc
- Parker-Hannifin price target lowered to $717 from $842 at Truist
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