TD Cowen raised the firm’s price target on ITT (ITT) to $190 from $170 and keeps a Buy rating on the shares. The firm attended Canadian investor meetings which suggested organic business drivers remain intact underpinned by engineering/operational expertise, end markets continue to hold, and the M&A muscle is starting to develop and flex. Also, record backlog adds to visibility.
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- Strong Buy Rating for ITT: Robust Business Drivers and Strategic M&A Catalysts Highlight Future Growth Potential
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