Reported 1 day ago
Ingersoll Rand Inc. (IR), valued at $31.9 billion, has seen its stock decline 24.3% from its 52-week high and underperformed the Nasdaq Composite's growth. Despite a 4.6% revenue increase reported in Q2, IR's shares fell 11.4% post-earnings due to investor concerns over profitability. Compared to its rival, Illinois Tool Works, which has performed better, analysts maintain a 'Moderate Buy' rating on IR, with a potential upside projected.
Source: YAHOO