Deutsche Bank upgraded Parker-Hannifin to Buy from Hold with a price target of $506, up from $462. The firm believes Parker-Hannifin is increasingly becoming a core holding within industrials for PMs, and rightfully so, as the company has proven its ability to deliver superior operational execution in many macro environments. This can be attributed to the company’s Win Strategy, but also to major portfolio change over the past decade, the analyst tells investors in a research note.
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Read More on PH:
- Parker-Hannifin upgraded to Buy from Hold at Deutsche Bank
- Parker-Hannifin price target raised to $473 from $470 at Barclays
- Parker Scheduled to Present at Robert W. Baird Global Industrial Conference on November 7 at 11:25 a.m. Central Time (12:25 p.m. Eastern Time)
- Parker-Hannifin price target raised to $480 from $465 at Baird
- Early notable gainers among liquid option names on November 2nd
