Keybanc Maintains Overweight on Parker Hannifin, Raises Price Target to $640
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 $575 to $640.
April 11, 2024 | 8:51 am
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POSITIVE IMPACT
Keybanc analyst Jeffrey Hammond reaffirmed an Overweight rating on Parker Hannifin and raised the price target to $640 from $575.
The increase in price target by a reputable analyst like Jeffrey Hammond suggests a strong confidence in Parker Hannifin's future performance. This endorsement is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100