Morgan Stanley Offers Thoughts on Ingersoll-Rand PLC Following Post-Earnings Sell-Off

In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $63.00 price target on Ingersoll-Rand PLC IR. In the report, Morgan Stanley noted, “IR sold off following weak incremental margin results in 4Q. While we agree that rev guidance looks conservative, execution on initiatives will need to sharpen up in absence of price/cost benefits in order to meet the $4 EPS threshold in ‘15 that's required to draw fresh money into the name.” Ingersoll-Rand PLC closed on Tuesday at $57.26.