Deutsche Bank raises Ingersoll's PT on upbeat revenue growth forecast

Ingersoll Rand

22/02/2023 18:17

** Deutsche Bank raises Ingersoll Rand Inc's  IR.N  PT by 4%
to $55
    ** IR forecasts full-year revenue growth rate between 7% and
9%, above analysts' avg. estimate of 4.73% - Refinitiv 
    ** IR also sees revenue growth rate declining in second half
of this year  
    ** However, Citi says supply chain could continue to
improve, helping IR beat its topline forecast in 2nd half of
2023 
    ** UBS raises PT on stock by $5 to $65 and Barclays raises
it by $4 to $64   
    ** Ingersoll shares are trading up 2.14% to $57.60
    ** Ten of 15 brokerages rate the stock "buy" or higher, rest
"hold"; their median PT is $62
    ** IR stock gained nearly 10% YTD
 (Reporting by Pratyush Thakur)
 ((pratyush.thakur@thomsonreuters.com))