By: Benzinga
UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Ingersoll-Rand PLC
In a report published Friday, Jefferies & Company reiterated its Buy rating on Ingersoll-Rand PLC (NYSE: IR ), and raised its price target from $55.00 to $57.00. Jefferies noted, “We see more downside than upside risk in 4Q machinery earnings, and we continue to recommend a defensive short-term stance. Extended
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