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Fly News Breaks for June 11, 2018
IR
Jun 11, 2018 | 07:42 EDT
After meeting with management, Barclays analyst Julian Mitchell thinks Ingersoll-Rand will raise its 2018 financial guidance alongside Q2 earnings. Further, the company's 2020 targets "may start to look conservative," Mitchell tells investors in a research note. The analyst believes Ingersoll-Rand's Services assets are underappreciated and that its demand and pricing environment are strong. He keeps an Overweight rating on the shares with a $111 price target.