Stifel analyst Nathan Jones raised the firm’s price target on Ingersoll-Rand (IR) to $95 from $78 and keeps a Hold rating on the shares. Management team meetings and commentary as well as the firm’s channel checks indicate “solid, stable demand” and the firm expects this to lead to many companies being comfortable enough to raise guidance on Q2 earnings calls, the analyst tells investors in a preview for the Diversified Industrials group.
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Read More on IR:
- Ingersoll Rand Appoints Aurobind Satpathy as New Director
- Ingersoll-Rand appoints Aurobind Satpathy to board of directors
- Ingersoll-Rand price target raised to $104 from $91 at Citi
- Ingersoll-Rand downgraded to Hold from Buy at Melius Research
- Ingersoll-Rand price target raised to $92 from $85 at Barclays