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Analysts Offer Insights on Industrial Goods Companies: Parker Hannifin (PH) and A. O. Smith Corporation (AOS)

Tipranks - Sat Jan 31, 6:56AM CST

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Parker Hannifin (PHResearch Report) and A. O. Smith Corporation (AOSResearch Report) with bullish sentiments.

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Parker Hannifin (PH)

Truist Financial analyst Jamie Cook reiterated a Buy rating on Parker Hannifin today and set a price target of $1139.00. The company’s shares closed last Thursday at $948.40.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 14.8% and a 69.1% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as Aecom Technology, Jacobs Solutions, and Quanta Services. ;'>

Parker Hannifin has an analyst consensus of Strong Buy, with a price target consensus of $1016.75, an 8.6% upside from current levels. In a report issued on January 16, J.P. Morgan also maintained a Buy rating on the stock with a $1083.00 price target.

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A. O. Smith Corporation (AOS)

In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on A. O. Smith Corporation, with a price target of $85.00. The company’s shares closed last Thursday at $73.17.

According to TipRanks.com, Jones is a top 100 analyst with an average return of 22.4% and a 75.2% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Helios Technologies. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for A. O. Smith Corporation with a $79.17 average price target, representing a 9.7% upside. In a report issued on January 15, TipRanks – Google also upgraded the stock to Buy with a $82.00 price target.

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