Ingersoll-Rand's Upside Potential in 2014

It's not easy to find screamingly cheap shares in the industrial sector right now, as most of the big names seem to be pricing in a cyclical recovery. With that said, Ingersoll-Rand looks decently priced should its end markets pick up. The tricky bit is that its rivals in the climate technologies space, such as Lennox International and Johnson Controls Inc. , have both given results recently that confirmed positive underlying conditions, but not to the extent that many had hoped. The good news with Ingersoll-Rand is that its guidance looks a bit conservative, so any upside surprise is likely to be well received, and here is why.


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