ITT price target raised to $171 from $161 at Stifel

Stifel raised the firm’s price target on ITT (ITT) to $171 from $161 and keeps a Buy rating on the shares. After having attended ITT”s Capital Markets Day, the firm said the 2030 financial targets and acquisition strategy are “the next logical steps in the company’s journey to driving significant shareholder value creation.” Stifel came away from the presentation with “a renewed sense of confidence in the company’s ability to become a premier industrial compounder,” the analyst added.