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Robert W. Baird Remains a Buy on ITT (ITT)

In a report issued on February 10, Michael Halloran from Robert W. Baird maintained a Buy rating on ITT (ITTResearch Report), with a price target of $108.00. The company’s shares closed last Friday at $87.04.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 14.8% and a 61.7% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Watts Water Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ITT with a $112.40 average price target, implying a 23.9% upside from current levels. In a report issued on February 9, Oppenheimer also maintained a Buy rating on the stock.

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ITT’s market cap is currently $7.45B and has a P/E ratio of 23.80.

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ITT, Inc. engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies. The Motion Technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation. The Industrial Process segment includes engineered fluid process equipment in areas such as chemical, oil and gas, mining, and other industrial process markets as well as providing of plant optimization and efficiency solutions and aftermarket services and parts. The Connect and Control Technologies segment offers harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets. The company was founded in 1920 and is headquartered in White Plains, NY.

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