Argus Upgrades Ingersoll-Rand (IR) to Buy

Argus upgraded Ingersoll-Rand (NYSE: IR) from Hold to Buy with a price target of $86.00.

"We expect Ingersoll-Rand to benefit from improving economic conditions and strength in U.S. construction markets, as well as from recent acquisitions," the analyst said.

The firm lifted 2015 EPS estimate to $3.80 from $3.75 and our 2016 estimate to $4.50 from $4.45.

For an analyst ratings summary and ratings history on Ingersoll-Rand click here. For more ratings news on Ingersoll-Rand click here.

Shares of Ingersoll-Rand closed at $69.52 yesterday.

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