Barclays raised the firm’s price target on Parker-Hannifin to $703 from $650 and keeps an Overweight rating on the shares as part of a Q3 preview for the multi-industry group. The firm says 2025 entry rates and trends may matter more than the second half of 2024 updates. The industrial capex outlook looks sluggish, with bottoming residential trends, the analyst tells investors in a research note.
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Read More on PH:
- Parker-Hannifin price target raised to $520 from $500 at TD Cowen
- Parker-Hannifin price target raised to $650 from $610 at Raymond James
- Parker-Hannifin price target raised to $650 from $590 at Argus
- Good time to buy Parker-Hannifin stock, Barron’s says
- Parker-Hannifin price target raised to $673 from $621 at Truist
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