Ingersoll-Rand price target raised to $81 from $76 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on Ingersoll-Rand to $81 from $76 and keeps a Buy rating on the shares after having attended the company’s analyst day and coming away with “renewed enthusiasm for the long term shareholder value creation opportunities” that lie ahead. The firm sees the company with potential to compound free cash flow growth in the mid-teens over the next four years given targeted organic growth initiatives, revenue synergy opportunities, margin expansion, as well as “a pristine balance sheet and a very good acquisition track record,” the analyst tells investors.