Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Parker Hannifin (PH – Research Report) and GrowGeneration (GRWG – Research Report).
Parker Hannifin (PH)
In a report issued on August 5, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Parker Hannifin, with a price target of $325.00. The company’s shares closed last Monday at $292.55.
According to TipRanks.com, Jones is a 5-star analyst with an average return of
Currently, the analyst consensus on Parker Hannifin is a Strong Buy with an average price target of $329.36, representing an 11.4% upside. In a report issued on August 5, Barclays also maintained a Buy rating on the stock with a $340.00 price target.
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GrowGeneration (GRWG)
Stifel Nicolaus analyst W. Andrew Carter maintained a Hold rating on GrowGeneration on August 5 and set a price target of $4.50. The company’s shares closed last Monday at $5.50, close to its 52-week low of $3.42.
According to TipRanks.com, Carter is a 1-star analyst with an average return of
GrowGeneration has an analyst consensus of Hold, with a price target consensus of $6.25, representing a 29.9% upside. In a report issued on August 5, Alliance Global Partners also downgraded the stock to Hold with a $4.50 price target.
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