Baird analyst Mircea Dobre raised the firm’s price target on Parker-Hannifin to $480 from $465 and keeps an Outperform rating on the shares. The firm said they delivered a solid beat to start off FY24 as in line revenue coupled with margin upside across segments. The guidance was raised to reflect the beat, we suspect there is additional EPS/margin upside as the year progresses.
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Read More on PH:
- 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
- Parker Reports Fiscal 2024 First Quarter Results
- Parker-Hannifin sees FY24 adjusted EPS $22.60-$23.40, consensus $22.62