Ingersoll Rand: Improvement In Organic Growth And Continued M&A Momentum Should Drive Stock Higher
Ingersoll Rand(IR) Seeking Alpha·2024-06-21 23:12
monsitj Investment Thesis Ingersoll Rand Inc.'s (NYSE:IR) organic revenue growth should recover in the coming quarters. The company saw a sequential acceleration in organic orders and Marketing Qualified Leads (MQL) in the last quarter, which indicates good demand momentum and bodes well for revenue growth in the coming quarters. Further, megatrends like reshoring and sustainability should drive demand for the company's products, boosting revenue growth. In the medium to long term, the company's focus on di ...