Ingersoll-Rand price target lowered to $77 from $94 at Stifel

Stifel analyst Nathan Jones lowered the firm’s price target on Ingersoll-Rand (IR) to $77 from $94 and keeps a Hold rating on the shares. The firm is assuming U.S. trade policy leads to a modest industrial recession in the second half of this year through the first half of 2026 and assumes uncertainty leads to lower customer capital and operating expenditures, which cause Ingersoll-Rand and/or its customers to slow production.