Stifel raised the firm’s price target on Parker-Hannifin (PH) to $717 from $709 and keeps a Hold rating on the shares. Management team meetings and commentary as well as the firm’s channel checks indicate “solid, stable demand” and the firm expects this to lead to many companies being comfortable enough to raise guidance on Q2 earnings calls, the analyst tells investors in a preview for the Diversified Industrials group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $831 from $709 at Citi
- Parker-Hannifin price target raised to $709 from $670 at Stifel
- Parker-Hannifin price target raised to $725 from $700 at Morgan Stanley
- Parker-Hannifin price target raised to $750 from $700 at Barclays
- Parker-Hannifin price target raised to $770 from $670 at Wells Fargo