Truist raised the firm’s price target on Parker-Hannifin (PH) to $977 from $910 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s total sales increased 4%, reflecting better than expected organic growth coupled with exceptional margin performance with adjusted operating margin up 170bps y/y and adjusted EBITDA margin up 240 bps y/y, the analyst tells investors in a research note.
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