Argus Upgrades Ingersoll-Rand (IR) to Buy
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Rating Summary:
18 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 15 | New: 12
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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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