Credit Suisse analyst Jamie Cook maintained an Outperform rating on Parker Hannifin but lowered her price target to $201 from $214 after the company reported Q4 results that beat the consensus and provided an outlook for fiscal 2019 that was 3% below the Street at the midpoint. Similar to other industrial companies, Cook contends that Parker Hannifin continues to see broad-based strength across most all industrial markets reflected in order rates which were "very solid" at 8% in total, and notes that PH guided to organic sales up 2.3%-5.1%, which seems "very reasonable."