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Zacks Investment Research Downgrades Parker-Hannifin Corp (PH) to Sell

2016-01-17 21:34:11| Industrial Machines - Topix.net

According to Zacks, "Parker-Hannifin's first-quarter fiscal 2016 adjusted earnings surpassed the Zacks Consensus Estimate but fell short of the year-ago quarter tally. The weak bottom-line performance was largely attributable to low revenue growth, which primarily stemmed from foreign currency-related headwinds and weakness in key end markets.

Tags: research sell investment corp

Category:Industrial Goods and Services

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