Goldman Sachs reinstated coverage of ITT (ITT) with a Buy rating and $270 price target implying 45% upside from current levels. The firm says ITT could be the next industrial “compounder.” the SPX Flow acquisition positions the company well to achieve its 2030 earnings target ahead of schedule, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITT:
- BMO Capital Initiates Buy on ITT as a Durable Growth Platform Driven by Accretive M&A, Margin Expansion, and Strong Commercial Execution
- ITT initiated with an Outperform at BMO Capital
- ITT initiated with an Equal Weight at Barclays
- ITT Completes Transformative Acquisition of SPX FLOW Business
- ITT price target raised to $235 from $190 at TD Cowen