BUZZ-Barclays, Wells Fargo lift Ingersoll Rand's PT on recent acquisitions
Reuters · 07/10 17:50
Share
Listen to the news
** Shares of air compressor maker Ingersoll Rand IR.N rise 2.3% to $93.87
** Barclays lifts PT for stock to $106 from $104; Wells Fargo raises to $102 from $98
** IR's acquisition of ILC Dover and three other businesses in June was a "positive step in the right direction" - Barclays
** "The acquisitions are expected to add ~$290 mln of revenue and $90 mln of EBITDA to 2024 across the remaining 7 months of the year" - Wells Fargo
** Nine brokerages rate stock "buy" or higher and six "hold"; their median PT is $101 - LSEG data
** Including session gains, stock was up 21.4% YTD
(Reporting by Aatreyee Dasgupta)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved