Parker-Hannifin price target lowered to $564 from $691 at Stifel

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.