Stifel raised the firm’s price target on Parker-Hannifin (PH) to $850 from $723 and keeps a Hold rating on the shares. The company reported a strong Q1 and raised guidance with 1% better organic revenue growth and 50 basis point higher margins, the analyst tells investors in a research note. The firm added that Parker continues to deliver differentiated margin expansion in what remain mixed industrial end markets, while capitalizing on very strong demand in commercial aerospace.
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