Stifel Nicolaus Downgrades Parker-Hannifin To Hold

Stifel Nicolaus downgraded

from Buy to Hold and removed the price target of $140.00. Parker-Hannifin shares have dropped 5.20 percent over the past 52 weeks, while the S&P 500 index has surged 12.25 percent in the same period. Parker-Hannifin shares fell 3.69 percent to close at $120.28 yesterday.