J.P. Morgan (JPM) Overweight On Ingersoll Rand (IR)

J.P. Morgan JPM analysts remained positive on Ingersoll Rand IR after the investor day updates. The 2013 guidance was in focus, with the management committing to a 65% incremental margin target. Productivity and valuations provide suitable offsets to any credibility risks that may arise, and management has made it clear that every business is aiming for the 15% margin target. Ingersoll’s top-line is in recovery mode. A focus on core productivity is the key to meeting the 2013 guidance of $5.00 to $5.75 in EPS. Analysts have set the price target at $43.00.