KeyBanc analyst Jeffrey Hammond raised the firm’s price target on Parker-Hannifin to $450 from $390 and keeps an Overweight rating on the shares. The firm expects a strong finish to FY23, with continued momentum across its three segments, the analyst tells investors in a research note. KeyBanc thinks management will be able to guide to a range that both satisfies investors near-term and leaves room for beats/raises through FY24.
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