Morgan Stanley Initiates Coverage On Ingersoll Rand with Equal-Weight Rating, Announces Price Target of $97
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Ingersoll Rand with an Equal-Weight rating and set a price target of $97.
September 06, 2024 | 1:33 pm
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NEUTRAL IMPACT
Morgan Stanley has initiated coverage on Ingersoll Rand with an Equal-Weight rating and a price target of $97, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Morgan Stanley sees Ingersoll Rand's stock as fairly valued at current levels. The price target of $97 provides a specific valuation benchmark, but the neutral rating implies no strong expectation of outperformance or underperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100