Parker-Hannifin stock: Evercore trims target, keeps Outperform
Published on 11/11/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target shifts after conference
- Evercore ISI reduced its Parker-Hannifin price target while keeping an Outperform rating.
- The adjustment is an analyst valuation change, not a new company forecast.
- Parker-Hannifin stock remained in focus after its recent record quarter and investor conference.
Parker-Hannifin stock remained in focus on Wednesday, November 11, after Evercore ISI lowered its price target for the industrial technology group on Tuesday, November 10. Markets Insider reported that the firm kept its Outperform rating on the shares.
Evercore lowers valuation target
Evercore ISI cut its target to 1,200 US dollars from 1,217 US dollars, a reduction of 17 US dollars, or 1.40 percent. The unchanged Outperform rating signals that the analyst view remains positive even though the published valuation ceiling is lower.
The change is an analyst assessment rather than a Parker-Hannifin forecast. It therefore does not by itself alter the company's operating outlook. The report followed Parker-Hannifin's scheduled appearance at the Robert W. Baird Global Industrial Conference in Chicago on November 10.
Markets Insider also listed Parker-Hannifin's recent first-quarter update, including adjusted earnings per share of 8.90 US dollars against a consensus estimate of 8.17 US dollars and a higher fiscal 2027 adjusted earnings-per-share outlook. Those figures provide the operating backdrop for the analyst discussion.
Current trading context
Parker-Hannifin stock traded at 877.20 euros on Lang & Schwarz at 17:03 CET on Wednesday, November 11.
Parker-Hannifin Corporation
- ISIN: US7010941042
- Stock ticker: PH
- Lang & Schwarz quote: 877.20 euros at 17:03 CET on November 11, 2026
- Evercore ISI target: 1,200 US dollars, lowered from 1,217 US dollars on November 10, 2026
- Evercore ISI rating: Outperform maintained
US equity markets remain the broader reference point for investors assessing Parker-Hannifin stock, with the S&P 500 providing the relevant market backdrop.
