UPDATE: Bank of America Initiates Parker-Hannifin with Buy on Expected Positive EPS
May 13, 2013 at 09:04 AM EDT
In a report published Monday, Bank of America analyst Andrew Obin initiated coverage on Parker-Hannifin Corporation (NYSE: PH ) with a Buy rating and $112.00 price target. In the report, Obin noted, “We initiate on Parker Hannifin with a Buy rating. The company is an industrial supplier of hydraulics, motion