Citi analyst Andrew Kaplowitz lowered the firm’s price target on Ingersoll-Rand (IR) to $113 from $117 and keeps a Buy rating on the shares. The firm adjusted targets in the industrials group as part of a Q1 preview. Citi believes “gradually improving” industrial trends remain intact and should drive solid Q1 earnings for most of the name in the sector.
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Read More on IR:
- Ingersoll-Rand price target lowered to $96 from $103 at Goldman Sachs
- Ingersoll-Rand price target lowered to $90 from $110 at Wells Fargo
- Ingersoll-Rand price target lowered to $100 from $111 at Barclays
- Ingersoll-Rand named short-term sell idea at Deutsche Bank
- Ingersoll-Rand price target raised to $92 from $82 at Morgan Stanley