Wells Fargo Maintains Overweight on Ingersoll Rand, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Ingersoll Rand and raised the price target from $100 to $110.
October 07, 2024 | 8:18 pm
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Wells Fargo has reaffirmed its positive outlook on Ingersoll Rand by maintaining an Overweight rating and increasing the price target to $110, indicating confidence in the company's future performance.
The increase in price target from $100 to $110 by a major financial institution like Wells Fargo suggests a positive outlook for Ingersoll Rand. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100