Ingersoll-Rand price target raised to $105 from $86 at Citi

Citi raised the firm’s price target on Ingersoll-Rand to $105 from $86 and keeps a Buy rating on the shares. The company’s upside to Q4 results and an initial 2024 outlook reflects good potential for it to continue progressing toward its previously established 2027 targets and should highlight Ingersoll-Rand’s continued emergence as a leading “industrial compounder,” the analyst tells investors in a research note.