Truist raised the firm’s price target on Parker-Hannifin to $611 from $602 and keeps a Buy rating on the shares after its Q3 earnings beat. The story remains the same in that the company continues to deliver on improved margin performance on weaker industrial markets, as Parker-Hannifin was able to maintain its organic growth guide on better Aerospace organic top line while also raising its guidance, the analyst tells investors in a research note.
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