Parker-Hannifin price target lowered to $650 from $800 at BofA

BofA analyst Andrew Obin lowered the firm’s price target on Parker-Hannifin (PH) to $650 from $800 and keeps a Buy rating on the shares. For the firm’s Industrials/Multi-Industry coverage, BofA expects Q1 earnings to be in line or a beat, but is preemptively lowering its estimates based on higher uncertainty and established tariffs despite the April 9 announcement of a 90-day pause on reciprocal tariffs, the analyst tells investors in a preview for the group.