Fly News Breaks for February 20, 2020
Feb 20, 2020 | 08:34 EDT
Wells Fargo analyst Deepa Raghavan raised Ingersoll-Rand's price target to $160 from $150, while reiterating an Overweight rating on the shares. The analyst notes that Trane Technologies will start to officially trade as a pureplay HVAC name post separation completion that is slated for February 29th.
News For IR From the Last 2 Days
May 12, 2021 | 08:31 EDT
Evercore ISI analyst David Raso raised the firm's price target on Ingersoll-Rand to $53 from $48 and keeps an In Line rating on the shares. The machinery sector is "highly positively correlated" with commodity prices, while the sector's current P/E multiple relative to the S&P 500 is at a steep historical discount for what he sees as "year two" of a recovery in 2022, Raso tells investors in a post-earnings research note for the group.