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PH

Parker-Hannifin

$167.44

-4.74 (-2.75%)

07:12
04/09/18
04/09
07:12
04/09/18
07:12

Parker-Hannifin price target lowered to $200 from $232 at Stifel

Stifel analyst Nathan Jones said his recent survey of 50 Parker-Hannifin North American distributors is supportive of North American year-over-year organic revenue growth of at least 7% and the consensus view of up total growth being up about 21%. However, the analyst, who noted that comparisons will become more difficult for Parker-Hannifin after Q3, lowered his price target on the shares to $200 from $232. He maintains a Buy rating on Parker-Hannifin.

PH Parker-Hannifin
$167.44

-4.74 (-2.75%)

01/19/18
01/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Zillow (Z, ZG) resumed with a Hold from Buy at Stifel with analyst John Egbert saying he sees potential macro headwinds for Zillow given the tight housing supply, rising interest rates, and tax changes. 2. Bloomin' Brands (BLMN) downgraded to Sell from Neutral at Goldman Sachs with analyst Karen Holthouse saying shares are trading near peak historical levels versus peers and "thin pre-tax margins" put the company at risk of estimate volatility around investment. 3. Parker-Hannifin (PH) downgraded to Neutral on valuation at Buckingham with the firm's analyst saying shares reached the firm's $210 price target. 4. McCormick (MKC) downgraded to Sell from Hold at Deutsche Bank with analyst Rob Dickerson saying he believes organic revenue growth expectations in the company's Consumer segment for fiscal years 2018 and 2019 are too high. 5. WNS Holdings (WNS) downgraded to Neutral from Outperform at Baird with analyst David Koning citing its high historical valuation but saying he sees fourth quarter revenues decelerating, which could create a headwind as comps become more difficult. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/08/18
BARD
03/08/18
UPGRADE
BARD
Outperform
Parker-Hannifin upgraded to Outperform from Neutral at Baird
03/08/18
KEYB
03/08/18
NO CHANGE
Target $225
KEYB
Overweight
Parker-Hannifin should be bought 'aggressively' on pullback, says KeyBanc
KeyBanc analyst Jeffrey Hammond says he would be an "aggressive" buyer of Parker-Hannifin on a pullback as the company's Analyst Day reinforced its compelling long-term story. The analyst believes incremental margins should snap back near-term, and the long-term organic growth, margin expansion, and capital allocation opportunities support compelling earnings and cash flow growth over time. Hammond reiterates an Overweight rating and $225 price target on the shares.
03/08/18
BARD
03/08/18
UPGRADE
Target $203
BARD
Outperform
Parker-Hannifin upgraded to Outperform at Baird
As reported previously, Baird analyst Mig Dobre upgraded Parker-Hannifin to Outperform from Neutral. The analyst cited management's investor day meeting where they put forth a credible path to at least $15 of earnings per share by 2023, the company's clear internal execution momentum, and the benefits from continued business and cost structure simplification. Dobre maintained his $203 price target on Parker-Hannifin shares.

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