Barclays analyst Julian Mitchell raised the firm’s price target on Parker-Hannifin (PH) to $950 from $906 and keeps an Overweight rating on the shares as part of a 2026 outlook for the multi-industry group. A neutral sector view remains appropriate into next year, but expectations are low on end-markets beyond data centers, electric utilities and aerospace, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PH:
- Parker-Hannifin initiated with an Outperform at BNP Paribas Exane
- Parker-Hannifin price target raised to $960 from $930 at Baird
- Parker-Hannifin price target raised to $1,000 from $960 at Susquehanna
- Parker Hannifin Announces $9.25B Acquisition of Filtration Group
- Midday Fly By: SoftBank exits Nvidia, CoreWeave cuts guidance