Motion and control systems maker Parker-Hannifin Corporation (
) on Thursday caught a big upgrade from analysts at Keybanc.
The firm said it boosted its rating on PH from "Hold" to "Buy"
with a $105 price target. That target implies a potential 22%
upside to the stock's Wednesday closing price of $85.92.
Keybanc noted that recent meetings held with the company's
management have confirmed its growth potential.
Parker-Hannifin shares were mostly flat in premarket trading
The Bottom Line
Shares of Parker-Hannifin (
) have a 1.49% dividend yield, based on last night's closing stock
price of $85.92. The stock has technical support in the $80 price
area. If the shares can firm up, we see overhead resistance around
the $90-$93 price levels.
Parker-Hannifin Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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