Morgan Stanley Cuts Ingersoll Rand (IR) Target—But Stops Short of Turning Bearish

With short percentage of shares outstanding at 3.88%, Ingersoll Rand Inc. (NYSE:IR) is among the 7 Best HVAC Stocks to Buy for AI Server Heat Mitigation.

On June 3, Morgan Stanley analyst Christopher Snyder lowered the firm’s price target on Ingersoll Rand Inc. (NYSE:IR) to $80 from $92 while maintaining an Equal Weight rating on the shares. The revised price target reflects the firm’s updated valuation outlook, while it continues to view the company’s shares as fairly valued at current levels.

On May 12, Ingersoll Rand Inc. (NYSE:IR) and Garrett Motion announced a multiyear strategic partnership to develop next-generation oil-free air technologies designed to improve energy efficiency, performance, and reliability across key end markets, including food and beverage and life sciences. The collaboration combines Ingersoll Rand’s expertise in compression technology with Garrett’s oil-free centrifugal compressor modules to accelerate innovation in oil-free solutions. Initial products are expected to be introduced to select Ingersoll Rand customers in 2026, with a broader global commercial rollout planned for 2027.

Founded in 1859 and headquartered in Davidson, North Carolina, Ingersoll Rand Inc. (NYSE:IR) is a diversified industrial manufacturer that provides mission-critical flow creation, fluid management, and climate control solutions. It supports AI server heat mitigation through specialized vacuum pumps, condensate pumps, and cooling system valves that dissipate the massive thermal loads generated by modern high-density AI data centers.

While we acknowledge the risk and potential of IR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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