Barclays lowered the firm’s price target on Parker-Hannifin to $618 from $625 and keeps an Overweight rating on the shares post the fiscal Q3 report. The firm does not expect a major share price reaction amid fairly high investor expectations and a Q4 guide in-line with Street at the mid-point, though down sequentially.
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Read More on PH:
- PH Upcoming Earnings Report: What to Expect?
- Parker Increases Quarterly Cash Dividend 10% to $1.63 per Share
- Parker-Hannifin increases quarterly cash dividend 10% to $1.63 per share
- Parker to Announce Fiscal 2024 Third Quarter Earnings on May 2; Conference Call and Webcast Scheduled for 11 a.m. Eastern Time
- Parker-Hannifin price target raised to $640 from $575 at KeyBanc
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