ITT (ITT) has received a new Buy rating, initiated by Goldman Sachs analyst, Joe Ritchie.
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Joe Ritchie has given his Buy rating due to a combination of factors tied to ITT’s growth and profitability trajectory. He views ITT as a potential next-generation industrial compounder, citing the SPX Flow acquisition as a key catalyst that could help the company surpass its 2030 earnings goal ahead of plan and support a robust mid-teens EPS growth rate through 2028.
Ritchie also highlights ITT’s long-standing culture of operational improvement, which has delivered sustained revenue outperformance and notable margin gains, alongside specific upside to 2026 earnings where he believes consensus underestimates acquisition benefits. Additionally, he underscores strong organic outgrowth in Motion Technologies, meaningful cost and synergy opportunities across all segments, and a successful M&A and deleveraging track record, all of which support his $270 price target and Buy recommendation.
According to TipRanks, Ritchie is a 5-star analyst with an average return of 14.3% and a 60.93% success rate. Ritchie covers the Industrials sector, focusing on stocks such as Kennametal, EquipmentShare.com, Inc., and Dover.
In another report released on March 27, BMO Capital also initiated coverage with a Buy rating on the stock with a $233.00 price target.