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Morgan Stanley Issues an Equal Weight Rating For Parker-Hannifin Corporation (PH)
On June 5, Morgan Stanley launched coverage of Parker-Hannifin Corporation (NYSE:PH) with an Equal Weight rating, assigning a price target of $700. This rating is in line with Parker-Hannifin’s shift towards a secular business model, scaling its Aero division, and strengthening its position in long-cycle industrial markets by conducting mergers and acquisitions. Morgan Stanley analysts […]