UPDATE: Morgan Stanley Raises Ingersoll-Rand's PT

According to a research report published earlier today, Morgan Stanley has increased Ingersoll-Rand's IR PT from $43 to $45. Morgan Stanley said in the report, “IR's investor day laid out credible targets that underline above-average EPS growth potential over balance of cycle, a healthy lack of M&A ambition and its likely transition into an attractive yield play. Reiterate OW vs. $45 target (up from $43).” Ingersoll-Rand closed yesterday at $40.35.