KeyBanc raised the firm’s price target on Parker-Hannifin (PH) to $790 from $775 and keeps an Overweight rating on the shares. Following the company’s Q2 earnings, the firm was encouraged by the return to positive orders from all segments. KeyBanc is incrementally convicted in its long-term thesis given benefits from the more cyclically balanced portfolio begin to show-through more meaningfully on orders and uniquely strong execution sustains.
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Read More on PH:
- Parker-Hannifin price target lowered to $791 from $800 at Barclays
- Parker Hannifin Reports Strong Q2 Earnings with Record Margins
- Parker-Hannifin reports Q2 adjusted EPS $6.53, consensus $6.23
- Parker-Hannifin sees FY25 adjusted EPS $26.40-$27.00, consensus $26.74
- PH Upcoming Earnings Report: What to Expect?