What Triggered a String of Upgrades in the Diversified Industrials Sector
JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 14, 2010) - www.rothmanresearch.com - As the economy slowly pushes its way through the rubbles of the recession, a few companies from bullishly performing industries resurface and catch analysts attention. One such industry that has lately been bestowed by a string of upgrades is the diversified industrials which saw five of its players upgraded by Robert W. Baird & Co., an employee-owned equity firm, on grounds of improving macroeconomic outlook. One of the companies that got drawn into Wall Street's lime-light is Ingersoll-Rand Plc (NYSE: IR), which was upgraded from 'neutral' to 'outperform'; the analyst at Baird citing a steady expansion in U.S. single-family house and an increasing industrial production. "Ingersoll deserves the upgrade. We have considered this stock as attractive for quite a while now for a
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