Market Overview

Morgan Stanley Sees Key Issues for Ingersoll-Rand PLC Ahead of 4Q13 Earnings Report


In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $63.00 price target on Ingersoll-Rand PLC (NYSE: IR).

In the report, Morgan Stanley noted, “We see a relatively inline, albeit noisy 4Q print and initial '14 guidance range of $3 to $3.25 bracketing expectations. Pro-forma model tweaks lead us to lower our 2014e to $3.10 and our 1Q14e to 31c. Recent pullback makes risk/reward more appealing vs. our $63 target price.”

Ingersoll-Rand PLC closed on Wednesday at $57.69.

Latest Ratings for IR

Nov 2020Morgan StanleyMaintainsOverweight
Nov 2020Morgan StanleyMaintainsOverweight
Nov 2020Deutsche BankMaintainsHold

View More Analyst Ratings for IR
View the Latest Analyst Ratings


Related Articles (IR)

View Comments and Join the Discussion!

Posted-In: Morgan Stanley Nigel CoeAnalyst Color Reiteration Analyst Ratings

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at