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-7.47683516248085E-05 0.000112152527437334 -0.000251008037597814 -0.000988010360757248 -0.00519640043792893 -0.00421373067371619 -0.00627520093994499 -0.0129402654276483
Stock impact report

Stifel Keeps Parker-Hannifin (PH) at Hold as Distributor Survey Points to Softer Trends [Yahoo! Finance]

Parker-Hannifin Corporation (PH) 
Last parker-hannifin corporation earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: phstock.com
Company Research Source: Yahoo! Finance
On January 16, Stifel analyst Nathan Jones reiterated a Hold rating on Parker-Hannifin Corporation (NYSE:PH) and kept his price target at $869. The call followed a distributor survey covering 38 North American distributors, representing roughly 11% of Parker's regional revenue. According to the analyst, feedback from the channel suggests Parker's Q2 results came in a bit softer than earlier expectations, with slightly weaker sales trends and inventory levels. He also pointed to price deceleration and slightly lower forecasts for the next 12 months. In terms of what's weighing on demand, distributors highlighted tariffs, local economic conditions, and inflation as the biggest factors. One encouraging signal, though, is that fewer distributors now expect a recession within the next year. In other news, Parker made a major strategic move earlier in November, announcing plans to acquire Filtration Group from privately held Madison Industries for $9.25 billion. The deal is aimed at stre Show less Read more
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