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PH

Parker-Hannifin

$164.49

0.74 (0.45%)

20:41
06/20/18
06/20
20:41
06/20/18
20:41

Parker-Hannifin downgraded to Market Perform from Outperform at Wells Fargo

PH Parker-Hannifin
$164.49

0.74 (0.45%)

04/26/18
KEYB
04/26/18
NO CHANGE
KEYB
KeyBanc would be an 'aggressive' buyer here of Parker-Hannifin
05/07/18
EVER
05/07/18
DOWNGRADE
EVER
In Line
Parker-Hannifin downgraded to In Line from Outperform at Evercore ISI
05/07/18
EVER
05/07/18
UPGRADE
Target $187
EVER
Outperform
Deere, Eaton, Terex upgraded to Outperform at Evercore ISI
As reported earlier, Evercore ISI analyst David Raso upgraded Deere (DE), Eaton (ETN), and Terex (TEX) to Outperform from In Line while adjusting their profit target to $187 from $166, $85 from $88, and $48 from $44 as part of his broader research note on Machinery stocks. Raso notes that the recent multiple compression in the sector has created an attractive entry point for these select names, while adding that the market's implied peak valuation in 2019 should actually be extended to 2021. The analyst further contends that "absolute industry volume" remains low, higher commodity prices relative to the rise in U.S. Treasury yields are a "positive" for the relative performance of the machinery sector, and that the market underestimates these companies' cash deployment power given the longer duration of the economic cycle. As part of his research note, the analyst also downgraded Parker Hannifin (PH) to In Line from Outperform and reduced his price target to $187 from $198, citing the company's reduced operating margin expectations and relatively higher valuation within its peer group.
05/07/18
05/07/18
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. Parker-Hannifin (PH) downgraded to In Line from Outperform at Evercore ISI. 2. Flir Systems (FLIR) downgraded to Hold from Buy at Drexel Hamilton with the firm citing valuation. 3. Buckeye Partners (BPL) downgraded to Neutral from Buy at Citi with analyst Eric Genco saying he sees the company's "financial recovery story turning into a longer story than expected." 4. Shake Shack (SHAK) downgraded to Underweight from Neutral at JPMorgan with analyst John Ivankoe citing valuation. 5. SiriusXM (SIRI) downgraded to Neutral from Buy at Buckingham with analyst Matthew Harrigan saying his downgrade is not predicated on any view on a change in fundamentals at Sirius, but rather is due to the availability of Liberty SiriusXM (LSXMA) as a "near pure play" alternative trading at a "remarkable" 33% discount. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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