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Fly News Breaks for April 4, 2019
IR
Apr 4, 2019 | 08:17 EDT
BofA/Merrill analyst Andrew Obin upgraded Ingersoll-Rand to Buy from Neutral and increased its price target to $130 from $105 citing premium core and earnings growth. Obin sees further share upside from additional US non-residential growth, and improving operating leverage with better visibility on stabilizing materials costs. The analyst also expects investors to pay up for premium organic growth, better earnings visibility, and structurally higher service business.
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