Parker-Hannifin price target raised to $650 from $610 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Parker-Hannifin to $650 from $610 and keeps an Overweight rating on the shares. The company’s year-over-year trends in Industrial orders, sales and profits “may be around the floor,” the analyst tells investors in a research note. The firm expects a “shallow recovery” through fiscal 2025 for Parker-Hannifin.