Citi raised the firm’s price target on ITT (ITT) to $183 from $176 and keeps a Buy rating on the shares. With an upcoming change in U.S. administration, Citi remains “selectively bullish” on multi-industry companies as divergent market trends among industrial verticals could continue for the time being, the analyst tells investors in a research note. The firm says exposure to secular growth themes could remain at a premium, and it also favors selective exposure to emerging tailwinds such as “Trump beneficiaries,” value, and tactical short-cycle exposure.
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Read More on ITT:
- ITT files automatic mixed securities shelf
- ITT Introduces CEO Retention Plan for Luca Savi
- ITT price target raised to $165 from $150 at TD Cowen
- ITT price target lowered to $163 from $165 at Baird
- ITT Corporation Reports Strong Q3 Financial Performance
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
