Mizuho analyst Brett Linzey raised the firm’s price target on Parker-Hannifin (PH) to $785 from $680 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
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- Parker-Hannifin price target raised to $770 from $717 at Truist
- Parker-Hannifin price target lowered to $742 from $763 at Baird
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