Raymond James raises PT for Parker Hannifin on strong margin expectations

Parker-Hannifin

04/09/2024 18:06

** Raymond James raises PT for engineering and technology
firm Parker Hannifin Corporation  PH.N  to $650 from $610,
maintains "outperform" rating  
    ** The new PT represents ~13% upside to the stock's last
close
    ** Expects margin to benefit from acquisition of the
UK-based defense firm Meggitt 
    ** Pricing tailwind to contribute to strong margin
    ** Shares up nearly 25%, YTD

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))