Ingersoll Rand Inc

IR: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$28.00JbcyjcHcxrgbzk

Ingersoll Rand Earnings: Industrial Technologies and Services Segment Maintains Strong Momentum

We’ve raised our fair value estimate for narrow-moat-rated Ingersoll Rand to $67 from $65 after the company reported solid second-quarter results, with double-digit year-over-year growth in organic revenue and adjusted EBITDA, and raised its full-year outlook for the second time this year. The fair value adjustment reflects our higher near-term revenue growth projections as well as the time value of money.

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