Jefferies analyst Stephen Volkmann maintains $Parker Hannifin (PH.US)$ with a buy rating, and adjusts the target price from $630 to $810.
According to TipRanks data, the analyst has a success rate of 68.6% and a total average return of 20.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Parker Hannifin (PH.US)$'s main analysts recently are as follows:
A slightly brighter demand outlook for short cycle industrial goods is anticipated to be a key driver of acceleration in 2025. Valuations for most stocks in this sector are reaching or have reached all-time highs, influenced by robust earnings.
Looking ahead to 2025, the outlook for the Machinery and Industrial sector appears increasingly optimistic as market sentiments turn bullish on industrial trends. However, with valuations approaching historical highs, a more selective approach is warranted. Parker-Hannifin's ongoing emphasis on margin expansion, even during periods of reduced volume, is expected to foster further multiple expansion and help narrow the valuation disparity with its premium industrial counterparts.
Note:
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