Benzinga | Nov 19, 2021 08:43AM EST

Analysts Bump Up Ingersoll Rand Price Target Post Investor Day

* Wells Fargo analyst Joseph O'Dea upgraded Ingersoll Rand Inc (NYSE:IR) to Overweight from Equal Weight and raised the price target to $68, from $58.

* O'Dea says he was "impressed" with Ingersoll-Rand's investor day "on a number of fronts" and views Ingersoll as one of the best multi-year set-ups on organic growth, M&A growth, margin expansion, and earnings growth.

* IR has attractive exposure to key themes like digitalization, energy transition, and ESG, which O'Dea expects stronger relative valuation than the EEMI group.

* Deutsche Bank analyst Nicole DeBlase raised the price target to $67 from $63 and maintained a Buy rating on the shares post the investor day.

* Credit Suisse analyst John Walsh raised the price target from $59 to $62 and maintained a Neutral rating.

* Price Action: IR shares are trading higher by 1.15% at $61.60 during the premarket session on Friday.