Parker-Hannifin (NYSE:PH) Stock Rating Raised to Hold at Wells Fargo & Company

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Parker-Hannifin (NYSE:PH) Stock Rating Raised to Hold at Wells Fargo & Company
Wells Fargo & Company upgraded Parker-Hannifin (NYSE:PH) to a "hold" rating. Despite this, the broader analyst consensus remains a "Moderate Buy" with an average target price of $1,119.55. Parker-Hannifin recently reported strong quarterly results, surpassing revenue and earnings per share estimates, and institutional investors own a significant portion of the company's stock.
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