UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Ingersoll-Rand PLC
Posted on January 11, 2013 at 10:12 AM EST
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