Parker-Hannifin initiated with a Buy at UBS
The Fly

Parker-Hannifin initiated with a Buy at UBS

UBS initiated coverage of Parker-Hannifin (PH) with a Buy rating and $842 price target The firm sees earnings upside at a “favorable valuation.” It expects continued strength in Aerospace, a return to growth of Industrial, and potential for additional acquisitions. The upper end of the Parker-Hannifin’s fiscal 2025 guide is achievable, 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>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App