BMO Capital analyst Joel Tiss raised the firm’s price target on Parker-Hannifin to $380 from $350 and keeps an Outperform rating on the shares after it Q2 earnings beat. The company’s standout features include its ability to continually surpass expectations from ongoing margin expansion, while also creating greater earnings stability, the analyst tells investors in a research note, adding that the stock is the firm’s "top pick" for a highly liquid, diversified business.
Published first on TheFly
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Read More on PH:
- Parker-Hannifin price target raised to $403 from $385 at Baird
- Parker Reports Fiscal 2023 Second Quarter Results
- Parker-Hannifin sees FY23 adjusted EPS $19.20-$19.70, consensus $19.11
- Parker-Hannifin reports Q2 adjusted EPS $4.76, consensus $4.46
- Parker Declares Quarterly Cash Dividend
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