Ingersoll-Rand (IR -2%) "has years of substantial margin upside remaining," UBS says, hiking the...

Ingersoll-Rand (IR -2%) "has years of substantial margin upside remaining," UBS says, hiking the price target on the shares from $61 to $71 representing a 15% upside from current levels. Analyst Jason Feldman sees FY14 EPS of $4.50/ share versus consensus of $4.20 and notes that UBS "believes we are in the early stages of a multi-year non-residential construction recovery."