Barclays lowered the firm’s price target on Ingersoll-Rand (IR) to $85 from $93 and keeps an Overweight rating on the shares. The firm says short cycle industrial stocks “are starting to look more attractive” verses defensives, but adds that demand visibility is “very low.”
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- Ingersoll-Rand price target lowered to $93 from $96 at Barclays
- Ingersoll-Rand price target lowered to $96 from $102 at Barclays