Stifel upgrades Ingersoll Rand to 'buy' on improving order trends
03/08/2026 12:36
BUZZ-Stifel upgrades Ingersoll Rand to 'buy' on improving order trends ** Stifel lifts rating on air compressor maker Ingersoll Rand IR.N to "buy" from "hold", raise price target to $101 from $84
** New PT implies an upside of 21.1% from the stock's last close
** Brokerage says it remains positive on the company, as stronger long-cycle orders, volume growth and pricing are expected to drive margin expansion
** Says Europe, Middle East, India and Africa (EMEIA) orders fell due to project delays and Middle East weakness, though recent project releases indicate improving demand despite ongoing uncertainties
** Seven of 15 brokerages rate the stock "buy" or higher, eight "hold"; their median PT is $94.50- data compiled by LSEG
** As of last close, shares up 5.3% YTD
(Reporting by Apratim Sarkar in Bengaluru)
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Stifel upgrades Ingersoll Rand to 'buy' on improving order trends