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Ingersoll-Rand Plc Message Board

  • fimtinnegan fimtinnegan Jun 26, 2008 8:38 PM Flag

    anybody have keybanc upgrade info?

    KeyBanc upgraded IR to buy this morning -- can anybody copy and paste some quotes from the analysis?

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    • found this excerpt:

      June 25, 2008 4:44 PM EDT

      KeyBanc initiates coverage on Ingersoll-Rand (NYSE: IR) with a Buy rating and $49 price target.

      The firm said, "In short, we believe that the intrinsic characteristics and capabilities of IR's revamped business portfolio are not yet widely appreciated by investors, especially given perceptions around the timing of the Company's recent Trane acquisition and announcements of senior management turnover in the days leading up to and shortly following its close (June 5)."

      KeyBanc views the Trane acquisition as a key platform for the combined entity to grow, reduce its cost structure, and proliferate best practices.

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