Parker-Hannifin price target raised to $380 from $350 at BMO Capital

BMO Capital analyst Joel Tiss raised the firm’s price target on Parker-Hannifin to $380 from $350 and keeps an Outperform rating on the shares after it Q2 earnings beat. The company’s standout features include its ability to continually surpass expectations from ongoing margin expansion, while also creating greater earnings stability, the analyst tells investors in a research note, adding that the stock is the firm’s "top pick" for a highly liquid, diversified business.