BofA analyst Andrew Obin raised the firm’s price target on ITT to $135 from $125 and keeps a Buy rating on the shares. The firm is applying a higher target multiple to its estimates to reflect the view that ITT should trade at an in-line multiple with peers, which is warranted given better EPS growth and margin expansion in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ITT: