Parker Hannifin shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and a $610 price target.
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin shares are trading higher after Raymond James initiated coverage on the stock with an Outperform rating and a $610 price target.
June 28, 2024 | 1:55 pm
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POSITIVE IMPACT
Raymond James has initiated coverage on Parker Hannifin with an Outperform rating and a $610 price target, causing the stock to trade higher.
The initiation of coverage by a reputable firm like Raymond James with a positive rating and a high price target is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100