Ingersoll-Rand downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Ingersoll-Rand to Neutral from Buy. The firm downgraded shares based on valuation, limited catalysts, and below peer returns. Price target is $48.
News For IR From The Last 14 Days
Check below for free stories on IR the last two weeks.
Ingersoll-Rand price target raised to $65 from $59 at Credit Suisse Credit Suisse raised Ingersoll-Rand's price target to $65 ahead of the IR Security spin-off later this year and said investors are paying very little for the unit at current prices. Ingersoll-Rand is a top pick in the group and Outperform rated.