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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:14 EDT
Credit Suisse analyst John Walsh lowered the firm's price target on Ingersoll-Rand to $33 from $38 and keeps a Neutral rating on the shares. The analyst acknowledges smaller upstream headwinds, but believes synergies will take time. While noting that this is not exclusive to Ingersoll-Rand, Walsh expects coronavirus impacts on both demand and the supply chain to extend into Q2.
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