Parker-Hannifin Corp (NYSE:PH) was downgraded by research analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, The Fly reports. They presently have a $92.00 price objective on the stock. Goldman Sachs’ target price would suggest a potential downside of 17.08% from the company’s current price.
PH has been the subject of a number of other reports. Evercore ISI cut shares of Parker-Hannifin Corp from a “buy” rating to a “hold” rating and reduced their target price for the company from $104.00 to $96.00 in a research note on Wednesday, February 10th. Jefferies Group cut shares of Parker-Hannifin Corp from a “buy” rating to a “hold” rating and reduced their target price for the company from $115.00 to $95.00 in a research note on Wednesday, January 20th. Zacks Investment Research cut shares of Parker-Hannifin Corp from a “hold” rating to a “sell” rating in a research note on Monday, December 28th. JPMorgan Chase & Co. lifted their target price on shares of Parker-Hannifin Corp from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, March 2nd. Finally, Vertical Research cut shares of Parker-Hannifin Corp from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Parker-Hannifin Corp currently has an average rating of “Hold” and a consensus target price of $102.08.
Source: American Banking and Market News