Jefferies maintains a 'Buy' on Ingersoll-Rand (IR); Closer Look Into Analyst Day
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Price: $79.33 --0%
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 25
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Jefferies maintains a 'Buy' on Ingersoll-Rand (NYSE: IR) price target raised $1 to $45.
Analyst, Stephen Volkmann, said, "IR is hosting an analyst day at their headquarters in Davidson, NC on Wednesday, March 13th. Ahead of the meeting we wanted to take a moment to provide some background on key end markets and businesses we believe will drive top line growth for the company through 2012. We continue to view IR as a must-own name in machinery-land and the stock remains among the cheapest in the group."
Some highlighted points include: 1) Still early in the cycle...But margin expansion opportunities beyond the cycle; 2) Expect new medium term targets: We expect new, lower, targets but still see a path to $5.00+ albeit a year or two later than originally planned; and 3) Strong balance sheet and cash flow, additional levers to pull.
For an analyst ratings summary and ratings history on Ingersoll-Rand click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $39.24 yesterday.
Analyst, Stephen Volkmann, said, "IR is hosting an analyst day at their headquarters in Davidson, NC on Wednesday, March 13th. Ahead of the meeting we wanted to take a moment to provide some background on key end markets and businesses we believe will drive top line growth for the company through 2012. We continue to view IR as a must-own name in machinery-land and the stock remains among the cheapest in the group."
Some highlighted points include: 1) Still early in the cycle...But margin expansion opportunities beyond the cycle; 2) Expect new medium term targets: We expect new, lower, targets but still see a path to $5.00+ albeit a year or two later than originally planned; and 3) Strong balance sheet and cash flow, additional levers to pull.
For an analyst ratings summary and ratings history on Ingersoll-Rand click here. For more ratings news on Ingersoll-Rand click here.
Shares of Ingersoll-Rand closed at $39.24 yesterday.
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