JPMorgan raised the firm’s price target on Parker-Hannifin (PH) to $1,083 from $1,050 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the electrical equipment and multi-industry group as part of its Q4 earnings preview. JPMorgan is more positive on “growth related names into and out of the quarter.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PH:
- Parker-Hannifin price target raised to $945 from $725 at Morgan Stanley
- Parker-Hannifin price target raised to $1,074 from $1,006 at Citi
- Parker-Hannifin price target raised to $990 from $950 at Barclays
- Parker-Hannifin price target raised to $1,000 from $925 at Wells Fargo
- Parker-Hannifin price target raised to $1,050 from $935 at KeyBanc