Barclays Maintains Overweight on Ingersoll Rand, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Overweight rating on Ingersoll Rand (NYSE:IR) but has lowered the price target from $105 to $104.

May 06, 2024 | 3:42 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Ingersoll Rand, with a slight decrease in the price target from $105 to $104.
The adjustment in price target by Barclays reflects a minor revision in their valuation of Ingersoll Rand. Given the small decrease, the impact on the stock price is likely to be minimal in the short term. The maintenance of an Overweight rating indicates a positive outlook on the stock, suggesting confidence in its future performance despite the slight adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100