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Parker-Hannifin’s Healthy Outlook, Increased M&A Appetite Makes It Attractive, Says Analyst

Mizuho Securities USA analyst Brett Linzey upgraded Parker-Hannifin to Buy, raising the price target from $550 to $650. The upgrade follows the company's five-year financial targets, including 4%-6% organic sales growth CAGR through 2029 and a 27% adjusted operating margin. Linzey highlighted PH's strong execution and credible track record, noting significant growth potential in Aerospace & Defense and clean technology trends.

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