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PH

Parker-Hannifin

$161.44

-3.05 (-1.85%)

09:32
08/13/19
08/13
09:32
08/13/19
09:32

Fluid power contacts cutting 2019 outlooks further, says Cleveland Research

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.

  • 20

    Aug

  • 01

    Oct

PH Parker-Hannifin
$161.44

-3.05 (-1.85%)

07/15/19
07/15/19
DOWNGRADE

Sector Weight
Parker-Hannifin downgraded to Sector Weight at KeyBanc
As previously reported, KeyBanc analyst Jeffrey Hammond downgraded Parker-Hannifin to Sector Weight from Overweight saying that while he continues to appreciate its internal runway remaining, he is incrementally cautious on the company's forward earnings prospects given potential for fundamentals to weaken and synergies to moderate in 2020. As such, the analyst expects management's initial fiscal year guidance to include plenty of contingency around these dynamics and ultimately catalyze downward estimate revisions within consensus.
07/16/19
GSCO
07/16/19
DOWNGRADE
Target $150
GSCO
Sell
Parker-Hannifin downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Joseph Ritchie downgraded Parker-Hannifin to Sell from Neutral and lowered his price target for the shares to $150 from $178. The analyst shuffled his ratings in the Americas Multi-Industry ahead of the Q2 earnings season. He sees a "rocky road ahead."
07/16/19
GSCO
07/16/19
NO CHANGE
GSCO
Goldman does not see favorable setup for Americas Multi-Industry into Q2
Goldman Sachs analyst Joe Ritchie does not see the setup as favorable for the Americas Multi-Industry sector into the Q2 reporting season with the exception of Buy-rated Honeywell (HON). The analyst says fiscal 2020 consensus expectations are too high for a third of the companies he covers while the setup is tough for the second half of 2019 as comps are only easier for five out of 27 stocks "at a time when growth is decelerating." As a result, Ritchie downgraded three cyclical stocks to Sell, namely Cognex (CGNX) and Parker-Hannifin (PH) from Neutral and Kennametal (KMT) double downgraded from Buy. He also upgraded Timken to Buy from Neutral as he believes expectations are more appropriately calibrated and its relative valuation is "compelling."
07/16/19
07/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Hold from Buy at Gabelli with analyst Alvaro Lacayo citing valuation. 2. Sonoco (SON) downgraded to Underperform from Market Perform at BMO Capital with analyst Mark Wilde saying the the stock has run up 21% year-to-date and now trades at about 10.5-times his expected FY19 EBITDA and at 6.1% free cash flow yield, both of which are at the high end of their historical valuation ranges. 3. Parker-Hannifin (PH) downgraded to Sell from Neutral at Goldman Sachs with analyst Joseph Ritchie saying he shuffled his ratings in the Americas Multi-Industry ahead of the Q2 earnings season. He sees a "rocky road ahead." 4. FactSet (FDS) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst saying the company's "decelerating" earnings growth brings risk to its "full" valuation. 5. Kennametal (KMT) double downgraded to Sell from Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LAZ

Lazard

$34.27

1.14 (3.44%)

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WB

Weibo

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4.93 (13.31%)

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FB

Facebook

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2.8 (1.53%)

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GOOG

Alphabet

$1,201.56

24.62 (2.09%)

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Alphabet Class A

$1,203.66

24.97 (2.12%)

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$1,201.56

24.62 (2.09%)

GOOGL

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24.97 (2.12%)

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TRP

TC Pipeline

$48.70

0.3 (0.62%)

, SRE

Sempra Energy

$139.87

0.93 (0.67%)

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WB

Weibo

$42.03

4.98 (13.44%)

14:30
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  • 19

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NBRV

Nabriva Therapeutics

$2.13

-0.14 (-6.17%)

14:28
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  • 19

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LAZ

Lazard

$33.90

0.77 (2.32%)

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LFGP

Ledyard Financial Group

$0.00

(0.00%)

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TWTR

Twitter

$41.69

1.11 (2.74%)

14:19
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Twitter says will no longer accept advertising from state-controlled news media »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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KSS

Kohl's

$48.17

2.66 (5.84%)

, TJX

TJX

$51.87

0.45 (0.88%)

14:11
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08/19
14:11
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14:11
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KSS

Kohl's

$48.17

2.66 (5.84%)

TJX

TJX

$51.87

0.45 (0.88%)

MDT

Medtronic

$103.90

1.17 (1.14%)

HD

Home Depot

$208.01

4.37 (2.15%)

03/08/13
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14:10
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14:10
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General news
Treasury Action: Treasuries remain heavy »

Treasury Action:…

CHE

Chemed

$434.70

4.53 (1.05%)

14:09
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Chemed VP Michael Witzeman sells almost $2M in company shares »

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14:05
08/19/19
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14:05
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General news
Fed's Rosengren said he believes monetary and fiscal policy are already accommodative »

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AAPL

Apple

$211.93

5.49 (2.66%)

, MSFT

Microsoft

$138.27

2.14 (1.57%)

14:02
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Microsoft hires former head of Apple's Siri efforts, The Information says »

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AAPL

Apple

$211.93

5.49 (2.66%)

MSFT

Microsoft

$138.27

2.14 (1.57%)

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

, AES

AES Corp.

$15.46

0.25 (1.64%)

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RRR

Red Rock Resorts

$19.46

0.75 (4.01%)

AES

AES Corp.

$15.46

0.25 (1.64%)

GE

General Electric

$8.66

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MD

Mednax

$22.28

0.62 (2.86%)

CFR

Cullen/Frost

$85.74

0.95 (1.12%)

TWNK

Hostess Brands

$14.01

0.06 (0.43%)

WEN

Wendy's

$20.44

0.5 (2.51%)

PSA

Public Storage

$260.91

2.23 (0.86%)

AYX

Alteryx

$133.18

-0.57 (-0.43%)

WBA

Walgreens Boots Alliance

$51.40

1.3975 (2.79%)

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GIG

GigCapital

$10.30

(0.00%)

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AVYA

Avaya

$12.42

-0.1 (-0.80%)

13:36
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  • 05

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RRC

Range Resources

$4.47

0.37 (9.02%)

13:35
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AVYA

Avaya

$12.39

-0.13 (-1.04%)

13:33
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AVYA

Avaya

$12.38

-0.14 (-1.12%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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