Citi analyst Andrew Kaplowitz raises Parker-Hannifin (PH) price target to $831 from $709, maintaining a Buy rating. Expecting strong Q2 results and earnings upgrades, Parker-Hannifin benefits from automation, aerospace, and smart manufacturing investments. Margin expansion, disciplined capital allocation, and healthy order backlogs support growth in the second half of the year.

Parker-Hannifin supports industrial automation with motion control systems, sensors, and fluid technologies driving efficiency in manufacturing and aerospace. The company’s expanding footprint in automation, aerospace, and engineered materials, including recent acquisitions like Meggitt, strengthens its presence in motion and control technologies for industrial and defense markets.

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Read more at Yahoo Finance: Citi Raises Parker-Hannifin (PH) Price Target, Maintains Buy Rating