Mizuho analyst Brett Linzey raised the firm’s price target on Parker-Hannifin (PH) to $785 from $680 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PH:
- Parker-Hannifin Filtration Group president Rob Malone retires
- Parker-Hannifin price target lowered to $680 from $780 at Argus
- Parker-Hannifin price target raised to $770 from $717 at Truist
- Parker-Hannifin price target lowered to $742 from $763 at Baird
- Parker-Hannifin price target raised to $735 from $690 at KeyBanc