Citigroup Maintains Buy on Ingersoll Rand, Raises Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has reaffirmed a Buy rating on Ingersoll Rand (NYSE:IR) and increased the price target from $79 to $86, indicating a positive outlook on the company's stock.
December 11, 2023 | 5:15 pm
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Citigroup analyst Andrew Kaplowitz maintains a Buy rating on Ingersoll Rand and raises the price target from $79 to $86, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst from Citigroup typically signals a strong conviction in the company's growth prospects and financial health. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100