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Ingersoll-Rand (IR -0.9%) trades lower despite an upgrade to Outperform and higher price target...
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Thursday, February 9, 2012, 10:24 AM ETIngersoll-Rand (IR -0.9%) trades lower despite an upgrade to Outperform and higher price target of $44-$46 from $30-$32 at Wells Fargo. The firm sees "a potential double over the next four to five years given near-term catalysts" based on 13x-14x potential $5.50-$6.00 in earnings power via $20B-$22B revenue and recently reduced share count. (Q4 earnings)
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