KeyBanc raised the firm’s price target on Parker-Hannifin to $575 from $500 and keeps an Overweight rating on the shares. The firm came away from Parker-Hannifin’s Q2 earnings release impressed by the apparent momentum in Aerospace and strong broad-based margin execution amid a choppier Industrial backdrop, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PH:
- Parker Reports Fiscal 2024 Second Quarter Results
- Parker-Hannifin Corp (PH) Q2 Earnings Cheat Sheet
- Parker Declares Quarterly Cash Dividend
- Parker to Announce Fiscal 2024 Second Quarter Earnings on February 1; Conference Call and Webcast Scheduled for 11 a.m. Eastern
- Parker-Hannifin price target raised to $500 from $473 at Barclays
