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Fly News Breaks for September 15, 2015
IR
Sep 15, 2015 | 07:42 EDT
Jefferies analyst Stephen Volkmann says shares of Ingersoll-Rand have dropped nearly 20% since the end of Q2. Thermo King sales should not decline along with the North American Class 8 market in 2016, Volkmann tells investors in a research note. The pullback is overdone given positive trends in both the construction and high margin transport refrigeration markets, the analyst writes. He recommends buying shares of Ingersoll-Rand at current levels and keeps a Buy rating on the name with a $78 price target.
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