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Fly News Breaks for July 27, 2017
IR
Jul 27, 2017 | 08:37 EDT
Stifel analyst Robert McCarthy says that Ingersoll-Rand reported "solid" Q2 EPS. He blames the subsequent decline in its stock on "weaker than expected margins at Climate and soft Commercial HVAC bookings in the quarter." Calling both of those issues "largely transitory," he thinks that the company can generate low teen percentage EPS growth in the future. He recommends buying the stock on weakness.
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