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Fly News Breaks for February 2, 2018
IR
Feb 2, 2018 | 12:58 EDT
BMO Capital analyst Joel Tiss raised his price target on Ingersoll-Rand to $115, saying the company's FY18 outlook calling for organic revenue growth of 3.0%-3.5% is conservative based on the management's expectations of volume growth and cost cuts. Tiss adds that the company has a history of reviving its brands, refreshing products, and reducing expenses to improve free cash flows over the past 5 years. The analyst keeps his Outperform rating on Ingersoll-Rand.
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