UPDATE: Jefferies Upgrades Parker-Hannifin on Order Inflection, Potential Valuation Upside

In a report published Thursday, Jefferies analyst Stephen Volkmann upgraded the rating on Parker-Hannifin (NYSE: PH ) from Hold to Buy, and raised the price target from $115.00 to 135.00. In the report, Jefferies noted, “We are upgrading the shares of PH to BUY from Hold. An inflection in orders,