BofA analyst Andrew Obin raised the firm’s price target on ITT (ITT) to $170 from $145 and keeps a Buy rating on the shares after having attended ITT’s investor day last week. The company’s $11 organic EPS target by 2030 implies 12% compound annual earnings growth from 2025-2030 and the “all-in” target of $12 implies 14%, notes the analyst, who views the company’s organic long-term targets as “achievable” and expects it to continue to deliver “top-quartile organic results.” A valuation premium to peers is warranted given above-peer execution and top-quartile organic growth, the analyst added.
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Read More on ITT:
- Strategic M&A and Organic Growth Drive ITT’s Buy Rating with Raised Price Objective
- ITT price target raised to $170 from $165 at TD Cowen
- ITT’s Strategic Evolution and Growth Potential: A Buy Rating by Joseph C Giordano
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