Goldman Sachs analyst Joe Ritchie added Ingersoll-Rand to his firm's Americas Conviction List while keeping a Buy rating on the shares. He upped his price target for the stock to $122 from $115. He says his conviction in Ingersoll-Rand has strengthened in light of a strong order book exiting 2018, improving price/cost, and a conservative guidance range. Ritchie also likes the company's exposure to one of his favorite end markets in 2019, HVAC. He points out that ~80% of its sales are tied to Climate. The analyst calls Ingersoll-Rand his favorite idea in HVAC.