ITT ( (ITT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ITT Corporation’s stock price has been buoyed by strong organic business drivers and strategic mergers and acquisitions. Analysts highlight the company’s engineering expertise and resilient end markets as pivotal for its growth. The raised price target is also supported by ITT’s record backlog and potential volume growth in industrial sectors.
More about ITT
YTD Price Performance: 27.28%
Average Trading Volume: 388,447
Technical Sentiment Signal: Buy
Current Market Cap: $14.09B
For further insights into ITT stock on TipRanks’ Stock Analysis page.
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