Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Ingersoll-Rand (IR) to $90 from $110 and keeps an Overweight rating on the shares. The Middle East conflict didn’t drive an elevated level of caution in most of the firm’s catch-up calls. But just like tariffs sidelined a PMI recovery last year, Wells is cautious that a new source of uncertainty dampens sentiment until there’s better clarity.
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