Goldman Sachs Maintains Buy on Parker Hannifin, Maintains $551 Price Target-Adds to Conviction List
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Joe Ritchie has reaffirmed a Buy rating on Parker Hannifin (NYSE:PH) and maintained the price target of $551. Additionally, Parker Hannifin has been added to Goldman Sachs' Conviction List, indicating a strong belief in the stock's potential.
January 02, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on Parker Hannifin and kept a price target of $551, also adding the company to its Conviction List.
Being maintained at a Buy rating and the addition to the Conviction List by a prominent analyst like Goldman Sachs suggests a strong vote of confidence in Parker Hannifin's stock. This endorsement is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as it signals a belief in the company's strong fundamentals and future growth potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100