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

Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0)

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, with a 52 week range of $35.36-$52.70.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
• Wells Fargo Boosts Price Target on Pandora (P), Maintains Outperform

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?