Barclays analyst Julian Mitchell lowered the firm’s price target on Ingersoll-Rand (IR) to $115 from $120 and keeps an Overweight rating on the shares as part of a Q4 preview for the multi-industry sector. The firm sees a slow start to the year amid sluggish organic sales growth and currency headwinds and notes investor expectations “are moving quickly, with cyclicals again somewhat out of favor.”
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