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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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