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Citigroup Initiates Buy Recommendation for Parker-Hannifin

Parker-Hannifin receives a Buy recommendation with a forecasted upside of 7.66%. The expected annual revenue growth of 5.24% solidifies confidence in the company's outlook.

Date: 
AI Rating:   7
Earnings Per Share (EPS)
The projected annual non-GAAP EPS is 24.36. This suggests that the company's profitability is forecasted positively.
Revenue Growth
The projected annual revenue for Parker-Hannifin is 20,951 million euros, reflecting an increase of 5.24%. This growth indicates a favorable trend in the company's operations.
Fund Sentiment
There were 2,490 funds reporting positions in Parker-Hannifin, with a 1.63% increase in ownership last quarter. This shows growing institutional interest in the company. Notably, several funds, including Bank Of America and Vanguard funds, have increased their holdings significantly, strengthening the outlook for Parker-Hannifin.