Potential Hidden Liabilities at SPX FLOW Pose Material Risk to ITT Corporation’s Financial Health

ITT Corporation (ITT) has disclosed a new risk, in the Litigation & Legal Liabilities category.

He notes that SPX FLOW may carry undisclosed or contingent liabilities that were not identified during ITT Corporation’s due diligence, raising uncertainty around the true risk profile of the acquired business. If indemnification protections under the Purchase Agreement prove insufficient in amount, scope or duration, any newly discovered liabilities could materially adversely affect ITT Corporation’s business, financial condition and results of operations.

The average ITT stock price target is $225.86, implying 12.67% upside potential.

To learn more about ITT Corporation’s risk factors, click here.