Ingersoll-Rand upgraded to Buy from Hold at Stifel

Stifel upgraded Ingersoll-Rand to Buy from Hold with an unchanged price target of $73. The analyst views the recent pullback in the shares, the expected improvement in U.S. and global short-cycle industrial demand, and Stifel’s Chief Equity Strategist expectation for cyclical value to outperform as creating an attractive entry point for investors “in this high quality industrial name.”