Barclays analyst Julian Mitchell maintains $Parker Hannifin (PH.US)$ with a buy rating, and adjusts the target price from $703 to $800.
According to TipRanks data, the analyst has a success rate of 70.5% and a total average return of 17.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Parker Hannifin (PH.US)$'s main analysts recently are as follows:
Short cycle industrial goods are anticipated to be the primary area of acceleration in 2025, driven by a marginally improved demand outlook. Despite or perhaps because of record-high earnings, valuations for most stocks in this sector are approaching historic peaks.
Looking ahead to 2025, the environment for the Machinery and Industrial sector is becoming increasingly bullish, and market conditions suggest a trend toward higher valuations historically. Analysts emphasize the necessity of a selective approach in this evolving landscape. Parker-Hannifin's strategic emphasis on margin expansion, despite periods of declining volume, is expected to contribute to further multiple expansion and help bridge the valuation gap with its premium industrial counterparts.
Note:
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