Ingersoll-Rand (IR) May Benefit From Recovery in Commercial Construction
Get Alerts IR Hot Sheet
Price: $90.98 -1.64%
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Join SI Premium – FREE
Analysts at MKM Partners think Ingersoll-Rand (NYSE: IR) guidance shows progress with the company's long term turnaround story. In their view, the turnaround will be aided by a recovery in commercial construction.
"We believe valuation will continue to expand over time as investors view IR as having best-in-class earnings leverage in a commercial recovery, conservative guidance that could ultimate drive beats and raises through the year and a developing track record of delivering on margin expansion goals," said analyst Joshua Pokrzywinski.
MKM Partners today reiterated a Buy on Ingersoll-Rand and raised its price target to $60.00 (from $55.00).
For an analyst ratings summary and ratings history on Ingersoll-Rand (NYSE: IR) click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $52.36 yesterday.
"We believe valuation will continue to expand over time as investors view IR as having best-in-class earnings leverage in a commercial recovery, conservative guidance that could ultimate drive beats and raises through the year and a developing track record of delivering on margin expansion goals," said analyst Joshua Pokrzywinski.
MKM Partners today reiterated a Buy on Ingersoll-Rand and raised its price target to $60.00 (from $55.00).
For an analyst ratings summary and ratings history on Ingersoll-Rand (NYSE: IR) click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $52.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Opthea Ltd. (OPT) PT Raised to $18 at Oppenheimer
- W.R. Berkley (WRB) PT Lowered to $89 at BMO Capital
- Capitol Federal Financial (CFFN) PT Lowered to $5.50 at Piper Sandler
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!