UPDATE - UBS Upgraded Ingersoll-Rand (IR) to Buy; Highly Attractive Risk/Reward Profile
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Price: $80.51 +1.49%
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS upgraded Ingersoll-Rand (NYSE: IR) from Neutral to Buy. PT cut by $2 to $43.
UBS analyst says, "Since the recent market selloff, IR has been among the worst performing stocks in the sector despite earnings and end markets that remain highly depressed relative to the group. While weak 2Q results explain much of the underperformance, we see the risk/reward profile for IR as attractive: with depressed end markets, IR should be able to fully participate in an economic recovery, yet there is less downside for end markets and earnings in a potential recession. Further, we believe IR is discounting a higher likelihood of a recession than most other industrials."
To see more ratings changes on IR, Click Here
UBS analyst says, "Since the recent market selloff, IR has been among the worst performing stocks in the sector despite earnings and end markets that remain highly depressed relative to the group. While weak 2Q results explain much of the underperformance, we see the risk/reward profile for IR as attractive: with depressed end markets, IR should be able to fully participate in an economic recovery, yet there is less downside for end markets and earnings in a potential recession. Further, we believe IR is discounting a higher likelihood of a recession than most other industrials."
To see more ratings changes on IR, Click Here
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