Baird analyst Michael Halloran raised the firm’s price target on Ingersoll-Rand to $72 from $66 and keeps an Outperform rating on the shares. The firm said execution remains strong, guidance was raised, organic orders are humming, M&A engine is active, balance sheet is healthy, and setup into 2024 remains attractive supported by energy efficiency and on/nearshoring trends.
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Read More on IR:
- Ingersoll-Rand price target raised to $79 from $76 at Goldman Sachs
- Ingersoll-Rand raises FY23 adjusted EPS view to $2.70-$2.80, consensus $2.72
- Ingersoll-Rand reports Q2 adjusted EPS 68c, consensus 60c
- IR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ingersoll-Rand price target raised to $71 from $61 at Stifel
