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Fly News Breaks for February 15, 2017
PH
Feb 15, 2017 | 06:36 EDT
BofA/Merrill analyst Andrew Obin upgraded Parker-Hannifin to Buy and raised its price target to $180 from $157 . The analyst sees significant earnings upside in the comi9ng years from cyclical upside from an industrial recovery combined with the operating turnaround story and integration of Clarcor. Obin sees significant operating leverage to an industrial recovery and views valuation as reasonable.
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