KeyBanc raised the firm’s price target on ITT (ITT) to $200 from $192 and keeps an Overweight rating on the shares. The firm had the opportunity to visit ITT’s world-class Friction Technologies plant in Barge, Italy. While KeyBanc has long appreciated Friction’s differentiation and innovation, its visit cemented its confidence in the outgrowth trajectory of the business and its ability to take profitability to another level.
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