Parker-Hannifin gets 'outperform' rating as BMO starts coverage

Parker-Hannifin

27/03/2026 12:17

** BMO initiates motion control products maker Parker-Hannifin PH.N with "outperform" rating; sets PT at $1090

** Price target represents a 20.9% upside on stock's last close

** Brokerage says over the last five years, Parker has simplified its structure and successfully pivoted through M&A to better align with structural growth and higher recurring aftermarket revenue streams

** Says strong cash generation, good capital allocation and an emerging M&A platform support co's earnings power

** As of last close, shares up about 2.6% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))