Parker-Hannifin price target raised to $1,141 from $1,137 at Citi

Citi raised the firm’s price target on Parker-Hannifin (PH) to $1,141 from $1,137 and keeps a Buy rating on the shares. The firm views the post-earnings selloff as overdone. Parker-Hannifin is seeing “robust” orders in its defense and power generation markets, the analyst tells investors in a research note. Citi views the company’s increased fiscal 2026 outlook as achievable.