Barclays lowered the firm’s price target on Ingersoll-Rand to $104 from $105 and keeps an Overweight rating on the shares post the Q1 report. The analyst says the company’s 50% incremental margins are proof of its operating excellence, “though that lever is already being pulled very hard.”
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Read More on IR:
- Ingersoll-Rand raises FY24 adjusted EPS view to $3.20-$3.30 from $3.14-$3.24
- Ingersoll-Rand reports Q1 adjusted EPS 78c, consensus 69c
- Ingersoll-Rand increases buyback authorization to $1.0B
- Ingersoll-Rand price target raised to $112 from $105 at Citi
- Ingersoll-Rand closed on the acquisitions of Controlled Fluidics, Ethafilter
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