Goldman Sachs raised the firm’s price target on Parker-Hannifin (PH) to $1,032 from $1,000 and keeps a Buy rating on the shares. The company has reported a strong quarter with a 4% segment EBITA beat, driven by Industrial International/Aero performance that was up 9% and 6% respectively vs. consensus, the analyst tells investors in a research note. Order growth also improved in the quarter with strength across segments, the firm added.
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