Ingersoll-Rand (IR) PT Raised to $65 at Wells Fargo
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Evercore ISI Upgrades Ingersoll-Rand (IR) to Outperform
May 9, 2023 7:26 AM EDTEvercore ISI analyst David Raso upgraded Ingersoll-Rand (NYSE: IR) from In Line to Outperform.
The analyst comments "In this high rent district of our coverage area (high valuation multiple), these are two fine companies. However, we can get faster, maybe even more reliable, sales and earnings growth at IR less expensively than ITW (ITW on or 24 estimates trading at a 27% premium to the S&P500, IR merely 11%); ITW is having some success... More
