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Fly News Breaks for August 13, 2019
PH
Aug 13, 2019 | 09:32 EDT
Cleveland Research analyst Matthew McCann said his recent survey of participants in the North American fluid power and motion control industry saw his contacts cut their 2019 outlook for the second month in a row. Expectations are now down to 4% growth, from 5% projected last month and an initial outlook for 6% growth, said McCann. He keeps a Neutral rating on Parker-Hannifin shares and left his FY20 and FY21 EPS estimates unchanged following the survey.
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