Wells Fargo Maintains Overweight on Parker Hannifin, Raises Price Target to $510
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on Parker Hannifin (NYSE:PH) and increased the price target from $450 to $510.
December 19, 2023 | 1:55 pm
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Wells Fargo analyst Joe O'Dea has reaffirmed Parker Hannifin's Overweight rating and raised the price target to $510, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the short term. Investors often view such updates as a positive sign and may increase their buying activity, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100