TD Cowen Upgrades Parker Hannifin to Market Perform, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joseph Giordano upgraded Parker Hannifin (NYSE:PH) from Underperform to Market Perform and increased the price target from $300 to $500.
March 01, 2024 | 4:22 pm
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POSITIVE IMPACT
Parker Hannifin was upgraded by TD Cowen from Underperform to Market Perform, with a significant increase in the price target from $300 to $500.
The upgrade from Underperform to Market Perform by a reputable analyst at TD Cowen, coupled with a substantial increase in the price target, suggests a positive outlook on Parker Hannifin's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100