Morgan Stanley lowered its price target on Ingersoll Rand to $80 from $92 while maintaining an Equal Weight rating, reflecting an updated valuation outlook that views the shares as fairly valued. The firm’s analyst Christopher Snyder made the adjustment on June 3. Ingersoll Rand recently announced a multiyear strategic partnership with Garrett Motion to develop next-generation oil-free air technologies, with initial products expected in 2026 and a broader rollout in 2027. The company provides climate control solutions used in AI server heat mitigation.
Ingersoll Rand IncMorgan Stanley cut price target to $80 from $92, reflecting fair value view
Garrett Motion IncPartnership with Ingersoll Rand to develop next-gen oil-free air technologies
Morgan Stanley