
Jefferies raises motion control products maker Parker-Hannifin's PH.N price target to $880 from $775, a 21.3% premium from stock's last close
Maintains 'buy' rating
Co on Thursday posted Q4 profit and revenue above Wall Street estimate
Brokerage says co is maintaining strong profit margins despite weak industrial markets, backed by smart planning and cost control measures
Growth in aerospace and defense segment is also boosting margins, and company expects this momentum to continue - Jefferies
Jefferies revises 2025 EPS forecast to $27.33 from $26.70 and also raises annual revenue forecast to $19.85 bln from $19.66 bln
Eighteen of 24 brokerages rate the stock "buy" or higher, six "hold"; median PT is $800 - data compiled by LSEG
Stock up 14% YTD