Barclays Maintains Overweight on Parker Hannifin, Lowers Price Target to $618
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on Parker Hannifin (NYSE:PH) but lowers the price target from $625 to $618.

May 03, 2024 | 2:42 pm
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Barclays maintains an Overweight rating on Parker Hannifin but lowers the price target from $625 to $618.
The adjustment in price target by Barclays reflects a slight change in valuation perspective, likely due to updated financial analysis or market conditions. However, maintaining the Overweight rating indicates a continued positive outlook on the company's performance. The impact on the stock price is neutral short term as the reduction in target price is minimal and the positive rating is reaffirmed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100