ITT price target raised to $225 from $210 at BofA

BofA analyst Andrew Obin raised the firm’s price target on ITT (ITT) to $225 from $210 and keeps a Buy rating on the shares after a “strong beat and raise” report for Q3. Following the report, the firm raised its FY26 EPS estimate to $7.53 from $7.47 and raised its multiple to be a premium to peers, arguing this is warranted given above-peer EPS growth and continued positive earnings revisions that the firm expects given strong execution coupled with continued M&A.