Barclays lowered the firm’s price target on Ingersoll-Rand (IR) to $102 from $115 and keeps an Overweight rating on the shares. Ingersoll-Rand now trades at a similar multiple to peers, which is unusual versus history, the analyst tells investors in a research note. The firm believes a recovery in the company’s non-U.S. markets and acquisitions are needed for a reversal.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IR:
- Ingersoll-Rand price target lowered to $94 from $100 at Stifel
- Ingersoll Rand’s Earnings Call Highlights: Growth Amidst Challenges
- Ingersoll Rand Reports Record 2024 Financial Results
- Ingersoll-Rand reports Q4 adjusted EPS 84c, consensus 84c
- Ingersoll-Rand sees FY25 adjusted EPS $3.38-$3.50, consensus $3.46