JP Morgan Initiates Coverage of Parker-Hannifin with Overweight Recommendation, Sees 4.10% Upside Potential

JP Morgan initiates coverage of Parker-Hannifin (PH) with an Overweight recommendation. The average one-year price target for PH is $944.05/share, a 4.10% increase from its latest reported closing price. The projected annual revenue is 20,606MM, up 2.88%, and the projected annual non-GAAP EPS is 25.72.