Goldman Sachs Maintains Neutral Rating On IR

Goldman Sachs is maintaining its Neutral rating on shares of Ingersoll-Rand PLC IR “as we remain cautious on IR's ability to sustain high productivity beyond 2011, but are positive on IR's exposure to a 2012+ acceleration in non-res construction and improving balance sheet optionality.” “The company has not included a share repurchase in its 2011 guidance however, we forecast an acceleration in share buyback in 2H2011,” Goldman Sachs writes. “We see IR's March 2 investor meeting as a catalyst.” Ingersoll-Rand closed Wednesday at $46.25.