Stifel analyst Nathan Jones raised the firm’s price target on Parker-Hannifin to $383 from $376 and keeps a Buy rating on the shares as the firm publishes its Q1 preview for the diversified industrials group. Industrial demand trends in general "appear to have remained solid despite the macro data that would suggest otherwise," the firm says based on its survey work, meetings with management teams and attendance at industry conferences, which adds that the focus will be on order rates, and specifically volume ex-price.
Published first on TheFly
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- Parker-Hannifin price target raised to $344 from $322 at Deutsche Bank
- 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
