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PH

Parker-Hannifin

$178.45

-1.25 (-0.70%)

09:30
10/15/19
10/15
09:30
10/15/19
09:30

Parker-Hannifin sales, orders rates could miss, says Cleveland Research

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.

  • 23

    Oct

  • 12

    Nov

PH Parker-Hannifin
$178.45

-1.25 (-0.70%)

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.
08/13/19
CLVD
08/13/19
NO CHANGE
CLVD
Neutral
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.

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AMZN

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HNT

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ANTM

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HCA

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CYH

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LPNT

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THC

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GM

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FCAU

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TM

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F

Ford

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HMC

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VWAGY

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BMWYY

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MDCO

The Medicines Co.

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1.03 (2.02%)

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CWK

Cushman & Wakefield

$19.10

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LMT

Lockheed Martin

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ESCA

Escalade

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CZR

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EGRX

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Fabrinet

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TEUM

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HEXO

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AMGN

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RAVE

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CHAP

Chaparral Energy

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16:45
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CI

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LPNT

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NVDA

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MSFT

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UAA

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UA

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AMRN

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GOOG

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RH

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TORC

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ACB

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NYT

New York Times

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0.44 (1.41%)

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  • 09

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WEX

Wex

$200.52

4.61 (2.35%)

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Wex director Morris sells 3K shares of common stock »

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