Wells Fargo Maintains Overweight on Ingersoll Rand, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Ingersoll Rand (NYSE:IR) but lowered the price target from $105 to $98.

May 06, 2024 | 2:01 pm
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Wells Fargo maintains an Overweight rating on Ingersoll Rand but lowers the price target from $105 to $98.
The adjustment in price target by a major analyst like Wells Fargo, while maintaining an Overweight rating, suggests a positive outlook on Ingersoll Rand's fundamentals but with a slightly tempered valuation expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100