ITT added to DA Davidson ‘Best of Breed Bison’ list

DA Davidson keeps a Buy rating and $170 price target on ITT (ITT), but the firm is adding the stock to its “Best-of-Breed Bison” which filters for best in class companies with sustainable moats and favorable risk / reward dynamics. ITT’s favorable scoring within the Best-of-Breed Bison framework is driven by its leading market position with solid brand awareness and loyalty across vast end markets, organic and inorganic growth prospects, operational excellence and a solid balance sheet that provides the company with ample capital deployment optionality, the analyst tells investors in a research note.