tiprankstipranks
Trending News
More News >

ITT price target raised to $170 from $145 at BofA

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.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue