4 Stocks With Upgrades: L-3, Ingersoll-Rand, Kimco, CBRE

Ingersoll-Rand

The industrial and commercial products company reported Wednesday fourth-quarter earnings of $242.2 million, or 76 cents a share, an increase from year-earlier earnings of $212.1 million, or 62 cents.

"In our view, the company set expectations relatively low heading into the next year after underperformance through '11," Bank of America Merrill Lynch analysts wrote in a report on Thursday. "In particular, we think IR is more conservative than its peers on NA non-residential construction and truck sectors, as well as global industrial capex, which creates room for positive surprises in '12."

Ingersoll-Rand was upgraded to a buy from a hold by TheStreet Ratings.

The company has a forward P/E of 10.38.

Analysts were split on Ingersoll-Rand with 11 rating it a hold and another 11 giving it a buy rating. One analyst ranked Ingersoll-Rand a sell.

Ingersoll-Rand gets a B grade from TheStreet Ratings with a $43.88 price target. The stock closed Thursday at $37.93 and has increased 24.48% year to date.

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Kimco Realty

The real estate investment trust reported Wednesday fourth-quarter earnings of $31.6 million, or 8 cents a share, an increase from year-earlier earnings of $22.2 million, or 2 cents a share.

Kimco Realty was upgraded to a buy from a hold by TheStreet Ratings.

The company has a forward P/E of 53.29; the average for retail REITs is 57.58. For comparison, Realty Income (O) has a lower forward P/E of 34.48 and Macerich (MAC) has a forward P/E of 54.44.

Twelve of the 21 analysts who cover Kimco Realty rated it a hold. Eight analysts gave the company a buy rating and one rated it a sell.

TheStreet Ratings gives Kimco Realty a B grade and $21.78 price target. The stock closed Thursday at $18.65 and has risen 14.84% year to date.

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