TD Cowen raised the firm’s price target on Parker-Hannifin to $520 from $500 and keeps a Hold rating on the shares. The firm said the company surprised investors with a stronger than expected order print last quarter but subsequent ISM readings have remained weak but if orders buck that trend shares should respond.
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Read More on PH:
- Parker-Hannifin price target raised to $650 from $610 at Raymond James
- Parker Scheduled to Present at the Jefferies Industrials Conference on September 5 at 11:00 a.m. Eastern Time
- Parker-Hannifin price target raised to $650 from $590 at Argus
- Parker Declares Quarterly Cash Dividend
- Good time to buy Parker-Hannifin stock, Barron’s says
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