Stifel analyst Nathan Jones downgraded Ingersoll-Rand (IR) to Hold from Buy with a price target of $107, down from $112. The firm downgraded five industrial names, saying the stocks at or near its target prices. The valuations are now reflecting their industry-leading performance, the analyst tells investors in a research note. At these valuations Stifel sees better risk/reward opportunities elsewhere in its coverage.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IR:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue