Parker-Hannifin price target raised to $465 from $436 at Baird

Baird raised the firm’s price target on Parker-Hannifin to $465 from $436 and keeps an Outperform rating on the shares after its Q4 results. The company ended FY23 with a solid beat, and more importantly, it has shown that it is increasingly able to navigate through Industrial short-cycle softness aided by margin expansion and Aerospace growth, the analyst tells investors in a research note.