Fly News Breaks for February 22, 2017
CLC, PH
Feb 22, 2017 | 06:12 EDT
JPMorgan analyst Ann Duignan upgraded Parker-Hannifin (PH) to Overweight saying her analysis suggests the company's synergy targets for the Clarcor (CLC) acquisition are "overly conservative." The analyst feels the deal "makes good strategic sense." She raised her price target for Parker-Hannifin shares to $173 from $146.
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