Parker-Hannifin price target lowered to $791 from $800 at Barclays

Barclays analyst Julian Mitchell lowered the firm’s price target on Parker-Hannifin (PH) to $791 from $800 and keeps an Overweight rating on the shares post the fiscal Q2 report. Off-highway’s outlook remains very weak, but other Industrial markets may be :around their floor,” the analyst tells investors in a research note.