Deutsche Bank Upgrades Parker Hannifin to Buy, Raises Price Target to $506
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase has upgraded Parker Hannifin (NYSE:PH) from Hold to Buy and raised the price target from $462 to $506.
November 09, 2023 | 9:47 am
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POSITIVE IMPACT
Parker Hannifin has been upgraded from Hold to Buy by Deutsche Bank, with a raised price target from $462 to $506.
The upgrade from Deutsche Bank is a positive signal for Parker Hannifin. The raised price target indicates that the bank sees potential for the stock's price to increase, which could attract more investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100