One thing that weak markets and sell-offs can provide to investors with some dry powder is outstanding companies that have traded substantially lower on little if any bad news. A new research note from Jefferies offers what they consider to be “compelling value” stock opportunities for investors to consider now.

The three stocks that the Jefferies team has pinpointed in the research are top companies that have been hit hard and have either made management changes or the sector they reside in may be ready to turn. All three are rated Buy.

Ingersoll-Rand

This is one of many top companies based in Ireland. Ingersoll-Rand PLC (NYSE: IR) is a top industrial stock to Buy at Jefferies, and with the housing market continuing to grow, the company’s wide range of portfolio products should continue to sell well. Many on Wall Street also see the stock as a good play on the replacement, upgrade and, ultimately, growth in the commercial and residential air conditioning markets. Trends in these markets have been highly correlated with overall commercial construction and are thus earlier in the cycle.

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Ingersoll Rand has an outstanding portfolio of global brands and holds leading market share in all major product lines. The geographic and industrial diversity coupled with a large installed product base provides solid growth opportunities for the company within service, spare parts and replacement revenue streams. The Jefferies team points out that the stock has underperformed the S&P 500 by 14% since the end of the second quarter.

Ingersoll-Rand investors are paid a 2.11% dividend. The Jefferies price target for the stock is $78, and the Thomson/First Call consensus target is $70.85. Shares closed on Tuesday at $56.48.