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Fly News Breaks for October 15, 2019
PH
Oct 15, 2019 | 09:30 EDT
Cleveland Research analyst Matthew McCann said his fluid power survey points to a weakening demand environment as a result of the uncertainty tied to the trade war and upcoming election. He sees signs of accelerated inventory destocking, which could suggest sales and orders rates at Parker-Hannifin may miss expectations, McCann tells investors. He has a Neutral rating on Parker-Hannifin shares.
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