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Fly News Breaks for July 2, 2019
IR
Jul 2, 2019 | 07:39 EDT
Jefferies analyst Stephen Volkmann downgraded Ingersoll-Rand to Hold from Buy with an unchanged price target of $140. The analyst sees little upside to earnings estimates or the "premium multiple" attached to his price target. Consensus forecasts already bake in mid-single digit sales growth, Volkmann tells investors in a research note. He believes Ingersoll-Rand shares offer limited near-term appreciation potential.
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