Wells Fargo Maintains Overweight on Ingersoll Rand, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on Ingersoll Rand (NYSE:IR) and increased the price target from $73 to $83, indicating a positive outlook on the company's stock.
December 19, 2023 | 1:50 pm
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Wells Fargo analyst Joe O'Dea has reaffirmed Ingersoll Rand's Overweight rating and raised the price target to $83, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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