Truist analyst Jamie Cook raised the firm's price target on Parker-Hannifin to $1,269 from $1,147 while maintaining a Buy rating. The adjustment came as part of a second-quarter preview for the machinery, infrastructure services, and multi-industry group, with Cook citing a positive setup for earnings reports supported by strong demand trends and secular growth tailwinds in power, data center, aerospace and defense, and infrastructure. Separately, Deutsche Bank analyst Nicole Deblase placed a short-term Catalyst call Buy on the stock on June 30, noting that its year-to-date underperformance is reversing as investors seek short-cycle industrial exposure. Earlier in June, Bernstein initiated coverage with an Outperform rating and a $1,026 price target, highlighting the company's operational excellence and shift toward higher-margin, higher-growth markets.
Parker-Hannifin CorporationMultiple analyst upgrades and price target increases (Truist, Deutsche Bank, Bernstein) citing strong demand and operational excellence.
Truist Financial Corp