Ingersoll-Rand (IR -16.8%) declines sharply thanks to its Q3 warning. Wedbush is reiterating a Market Perform, believing currency effects will add to existing headwinds in hurting Q4 results. It also thinks the "continued underperformance" of Ingersoll's Residential Solutions business brings its 2013 EPS target into question. Rival LII is down 7.6%.
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