Parker Hannifin "outperform"

12/06/05 - Robert W. Baird

NEW YORK, December 6 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Parker Hannifin Corporation (PH). The target price is set to $71.

In a research note published this morning, the analysts mention that the company has witnessed 8% order growth in North America in November. Parker Hannifin witnessed an 11% y/y increase in the orders at its Aerospace segment during the month, benefiting from aftermarket demand and the continued robust performance of the commercial OEM segment, the analysts say.