Baird analyst Michael Halloran raised the firm’s price target on Ingersoll-Rand to $62 from $52 and keeps an Outperform rating on the shares. The analyst said performance exceeded expectations and initial 2023 guidance is above consensus. Balance sheet optionality remains significant and internal confidence in deployment is high. We remain long-term buyers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IR:
- Ingersoll-Rand price target raised to $64 from $60 at Barclays
- Ingersoll-Rand sees 2023 adjusted EPS $2.48-$2.58, consensus $2.51
- Ingersoll-Rand reports Q4 adjusted EPS 72c, consensus 62c
- Ingersoll-Rand acquires Paragon Tank Truck Equipment for $40M
- Citi opens ‘positive 90-day catalyst watch’ on Rockwell Automation