Ingersoll-Rand price target raised to $71 from $65 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Ingersoll-Rand to $71 from $65 and keeps an Overweight rating on the shares. The firm sees modest upside risk to Q2 EPS and modest guidance revisions against a backdrop of high valuations, which makes for a tough setup this quarter, the analyst tells investors in a research note.