Keybanc Maintains Overweight on Parker Hannifin, Raises Price Target to $575
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond has maintained an Overweight rating on Parker Hannifin (NYSE:PH) and increased the price target from $500 to $575, indicating a positive outlook on the company's stock.
February 02, 2024 | 2:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Parker Hannifin and raises the price target from $500 to $575.
The increase in price target by a reputable analyst suggests a strong bullish sentiment towards Parker Hannifin's stock. This is likely to positively influence investor perception and could lead to a short-term increase in stock price as market participants adjust their valuations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100