Stifel Boosts Parker-Hannifin's Price Target to $941, Maintains Hold Rating

Stifel has revised its outlook for Parker-Hannifin Corporation, raising its price target to $941 from $869. The firm maintains a Hold rating despite the stock's 40% gain over the past year. Aerospace was a standout segment, delivering strong growth and margin expansion, while M&A also played a role in the company's performance. Parker-Hannifin designs and manufactures motion and control technologies and provides aftermarket support for highly engineered solutions across various end markets.