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BofA Upgrades Ingersoll-Rand (IR) to Neutral, $38 Price Target

October 23, 2009 11:17 AM EDT
IR Hot Sheet
Rating Summary:
    8 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36
BofA Merrill Lynch upgrades Ingersoll-Rand (NYSE: IR) from Underperform to Neutral, also raising its price target from $15 to $38.

Shares of Ingersoll-Rand are flat today following Q3 earnings this morning. The stock most recently traded at $35.30.

Visit our Analyst Ratings page to see all the market-moving upgrades/downgrades on shares of Ingersoll-Rand.

Ingersoll-Rand plc, together with its subsidiaries, engages in the design, manufacture, sale, and service of industrial and commercial products in the United States and internationally.

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