Goldman Sachs analyst Joe Ritchie raised the firm’s price target on Parker-Hannifin (PH) to $900 from $850 and keeps a Buy rating on the shares. Parker-Hannifin’s Q3 results beat consensus, with segment EBITA up 8% on broad-based strength across Aero and Industrial NA/International, while orders accelerated 8% and backlog reached a record $11.3B, the analyst tells investors in a research note.
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