(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A cybersecurity company and an industrial stock were among the names being talked about by analysts on Friday. D.A. Davidson initiated Palo Alto Networks with a buy rating. Meanwhile, Jefferies increased its price target on Ingersoll Rand. Check out the latest calls and chatter below. All times ET. 5:56 a.m.: Jefferies raises Ingersoll Rand price target The outlook for Ingersoll Rand is looking brighter after a recent acquisition, according to Jefferies. Analyst Stephen Volkmann reiterated his buy rating on the industrial stock and raised his price target to $110 from $105. The new target implies upside of 18%. Ingersoll Rand closed its acquisition of ILC Dover, a $2.3 billion deal, earlier this month. “While the market has been factoring in cyclical recovery and margin upside from integration synergies, we see additional margin upside and significant capital deployment opportunities that are not yet in the numbers,” the analyst wrote. “Margin upside is driven by 1) a larger funnel of integration projects, 2) increasing mix toward aftermarket and higher-margin businesses, and 3) continued longer-term lean/productivity initiatives,” he added. Ingersoll Rand shares have popped more than 20% year to date. — Fred Imbert 5:56 a.m.: D.A. Davidson opens coverage of Palo Alto at buy D.A. Davidson named Palo Alto Networks a top idea, citing its three cybersecurity platforms. Analyst Rudy Kessinger initiated coverage at a buy rating and named the stock to the firm’s best picks list. Kessinger’s $380 price target implies a 22.2% upside from Thursday’s close. Kessinger said one of the key reasons for optimism is that the company is firing on three cylinders when it comes to cybersecurity, while competitors are only focused on just one. He also called Palo Alto’s total addressable market minimally penetrated, while noting that it can grow from $104 billion last year to $210 billion in 2028. Kessinger said Palo Alto has captured just around 7% of its total addressable market, far below the 20% or more seen by leaders of other information technology categories. “PANW has best-of-breed cybersecurity technology across Network Security / SASE, Cloud Security, & Security Operations / Endpoint Security, something no other cybersecurity vendor can say,” Kessinger wrote in a Thursday note to clients. “While there is room for greater integration within each platform & between each platform, PANW still enables greater vendor consolidation than any other pure play cybersecurity vendor in the market.” Palo Alto shares have climbed 5.5% this year. While the stock has underperformed the broader market in 2024, that gain builds on the surge of more than 110% seen over the prior year. PANW YTD mountain PANW year to date — Alex Harring
