Wells Fargo Maintains Overweight on Parker Hannifin, Raises Price Target to $710
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Parker Hannifin and increased the price target from $640 to $710.
October 07, 2024 | 8:21 pm
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Wells Fargo has reaffirmed its Overweight rating on Parker Hannifin and increased the price target to $710, indicating a positive outlook.
The increase in price target from $640 to $710 by Wells Fargo suggests a strong positive outlook for Parker Hannifin. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100