TD Cowen lifts Parker-Hannifin PT on aerospace strength

Parker-Hannifin

29/08/2025 17:03

** TD Cowen raises motion-control products maker Parker-Hannifin's PH.N PT to $650 from $575

** New PT shows a 15.2% downside to the stock's last close

** TD Cowen sees company well-positioned after a shift to higher-quality valuation, but highlights the need for stronger industrial momentum to support its FY26 growth, even as execution remains solid and aerospace continues to perform well

     ** Notes that company is likely to pursue more deals after buying Meggit to keep growing and stay steady through market volatility

** Nineteen of 25 brokerages rate the stock "buy" or higher, six rate "hold"; their median PT is $802, according to data compiled by LSEG

** Including session moves, shares up 19.7% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))