Ingersoll-Rand (IR) May Benefit From Recovery in Commercial Construction

February 4, 2013 11:20 AM EST Send to a Friend
Get Alerts IR Hot Sheet
Price: $67.77 +0.44%

Rating Summary:
    9 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 37
Trade IR Now!
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment