Mizuho Upgrades Parker Hannifin to Buy, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Brett Linzey has upgraded Parker Hannifin (NYSE:PH) from Neutral to Buy and raised the price target from $550 to $650.
May 28, 2024 | 10:14 am
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Mizuho analyst Brett Linzey has upgraded Parker Hannifin from Neutral to Buy and raised the price target from $550 to $650.
The upgrade from Neutral to Buy and the significant increase in the price target from $550 to $650 by Mizuho is likely to positively impact Parker Hannifin's stock price in the short term. Such upgrades typically signal strong confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100