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Fly News Breaks for July 3, 2018
PH
Jul 3, 2018 | 07:17 EDT
Stifel analyst Nathan Jones said his recent survey of 52 Parker-Hannifin distributors in North America supports his forecast for North American organic revenue growth of at least 8% year-over-year. He also noted that distributors now expect sales over the next 12 months to increase by 8.4%, up from the 5.8% growth they projected in his previous survey. Jones maintains a Buy rating and $200 price target on Parker-Hannifin shares.
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