Baird Downgrades Ingersoll-Rand To Neutral

Analysts at Baird downgraded Ingersoll-Rand plc (Ireland)

from Outperform to Neutral. The target price for Ingersoll-Rand has been lowered from $68 to $65. Ingersoll-Rand shares have surged 29.23% over the past 52 weeks, while the S&P 500 index has gained 19.79% in the same period. Ingersoll-Rand's shares gained 2.69% to close at $62.18 yesterday.