Ingersoll Rand Reaches Analyst Target Price
November 04, 2020 at 09:00 AM EST
In recent trading, shares of Ingersoll Rand Inc (IR) have crossed above the average analyst 12-month target price of $36.27, changing hands for $38.75/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..