UPDATE: Morgan Stanley Initiates Coverage on Parker-Hannifin with Negative Outlook
September 05, 2013 at 10:31 AM EDT
In a report published Thursday, Morgan Stanley analyst Nicole DeBlase initiated coverage on Parker-Hannifin Corporation (NYSE: PH ) with an Underweight rating and $92.00 price target. In the report, Morgan Stanley noted, “Parker is the purest play on global IP growth to be found in the Machinery group, which implies