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Bank of America (Merrill Lynch) downgraded Ingersoll-Rand PLC (NYSE:IR) from Buy to Neutral in a statement released earlier today.

Bank of America (Merrill Lynch) has downgraded Ingersoll-Rand PLC (NYSE:IR) from Buy to Neutral in a statement released on Tuesday October 17, 2017.

Having a price of $91.02, Ingersoll-Rand PLC (NYSE:IR) traded -0.96% lower on the day. With the last close up 2.52% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. IR has recorded a 50-day moving average of $88.73 and a 200-day moving average of $88.20. 312,462 shares of IR traded hands, down from an average trading volume of 1,609,110

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Ingersoll-Rand PLC (NYSE:IR)

Ingersoll-Rand PLC has 52 week low of $63.87 and a 52 week high of $94.39 with a PE ratio of 22.45 and has a market capitalization of $0.

In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 20 brokers have issued a research note on the company. The average stock price target is $70.05 with 7 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 9 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Ingersoll-Rand PLC (NYSE:IR)

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company's business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car. Its Climate segment includes Trane and American Standard Heating and Air Conditioning, which provide heating, ventilation and air conditioning systems, and commercial and residential building services, parts, support and controls. It offers energy services and building automation through Trane Building Advantage and Nexia. Its Industrial segment includes compressed air and gas systems and services, power tools, material handling systems, ARO fluid management equipment, as well as Club Car golf, utility and rough terrain vehicles.

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