Deutsche Bank analyst Nicole Deblase raised the firm’s price target on Parker-Hannifin to $344 from $322 and keeps a Hold rating on the shares. The earnings setup for the multi-industry group is "undeniably challenging," with investors increasingly nervous about the macro environment, the analyst tells investors in a research note. However, the firm does not expect this quarter to bring much new insight into the broader recession debate .Against this backdrop, industrial investors are likely to remain cautious, it contends.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PH:
- Parker-Hannifin named short-term sell idea at Deutsche Bank
- Parker Scheduled to Present at the Bank of America Global Industrials Conference on March 22 at 1:05 p.m. Greenwich Mean Time (9:05 a.m. Eastern Time)
- Parker-Hannifin price target raised to $390 from $380 at BMO Capital
- Parker Scheduled to Present at the Evercore ISI Industrial Conference on March 7 at 11:00 a.m. Eastern Time
- Parker Scheduled to Present at Citi’s Global Industrial Tech and Mobility Conference on February 23 at 10:30 a.m. Eastern Time
