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Stock Market & Financial Investment News

News Breaks
February 1, 2013
07:07 EDTIRIngersoll-Rand sees moderate growth in industrial market sin 2013
For 2013 the company expects moderate growth in industrial markets, global parts and service, and across most of the company’s businesses in Asia and Latin America. Refrigerated transport markets and commercial HVAC replacement activity are expected to demonstrate slow year-over-year growth, especially in Europe where performance is hampered by low economic growth in key markets. The North American non-residential construction market is continuing its weak and uneven demand pattern with moderate growth in commercial markets, partially offsetting ongoing weakness in key institutional markets. Activity in North American consumer related markets, especially residential HVAC, is expected to continue its ongoing recovery for 2013 with moderate increases in demand levels.
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March 24, 2015
07:54 EDTIRIngersoll-Rand to benefit from end market acceleration, says Bernstein
Bernstein expects Ingersoll-Rand to benefit from an acceleration in its end markets, particularly in non-residential construction. The firm thinks the company's headwind from the decline in oil prices is limited, and it keeps an $81 price target and Outperform rating on the shares.

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