BMO Capital analyst John Joyner raised the firm’s price target on Parker-Hannifin to $390 from $380 and keeps an Outperform rating on the shares. The firm raised its FY24 and FY25 EPS estimates to $21.55 and $24.00, respectively, from $21.15 and $23.20, after visiting the company’s headquarters last week and meeting with new CEO Jenny Parmentier, the analyst tells investors in a research note.
Published first on TheFly
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- 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
- Parker Scheduled to Present at Barclays Industrial Select Conference on February 22 at 10:55 a.m. Eastern Time
- Parker-Hannifin price target raised to $400 from $343 at Barclays
- Parker-Hannifin price target raised to $380 from $350 at BMO Capital
