Ingersoll-Rand CFO says has held "numerous" meetings with Trian Says work being done to consider suggestions being made by board member Peltz. Sees being able to present potential strategic options to board by year end.
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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.
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