Andrew Buscaglia Initiates Coverage On Ingersoll Rand with Neutral Rating, Announces Price Target of $92
Portfolio Pulse from Benzinga Newsdesk
Analyst Andrew Buscaglia initiates coverage on Ingersoll Rand (NYSE:IR) with a Neutral rating and sets a price target of $92.

March 12, 2024 | 4:19 pm
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NEUTRAL IMPACT
Ingersoll Rand receives a Neutral rating from analyst Andrew Buscaglia, with a price target of $92.
The initiation of coverage by an analyst typically brings additional attention to a stock. A Neutral rating suggests that the analyst sees the stock performing in line with the market or sector, implying no significant short-term price movement. However, the setting of a price target can provide a benchmark for investors, potentially influencing investment decisions. Given the price target is a specific figure, it suggests some level of confidence in the stock's valuation, but the Neutral rating tempers expectations for any dramatic short-term price changes.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100