Barclays raised the firm’s price target on Ingersoll-Rand to $85 from $75 and keeps an Overweight rating on the shares. The analyst believes Q4 played out largely as expected for the multi-industry group, with sales under pressure in early cycle, residential, consumer and short cycle industrial markets but with little change in the “still-strong” long cycle industrial world. The firm maintains a Neutral sector view heading into the Q4 reports.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on IR:
- Ingersoll-Rand price target raised by $7 at Citi, here’s why
- Ingersoll-Rand price target raised to $81 from $76 at Stifel
- Ingersoll-Rand price target raised to $72 from $70 at Deutsche Bank
- Ingersoll-Rand sees 2025 adjusted EPS growth in double digits
- Ingersoll-Rand isses new 2027 targets, including double digits adj. EPS growth