ITT price target raised to $125 from $120 at DA Davidson

DA Davidson raised the firm’s price target on ITT to $125 from $120 and keeps a Buy rating on the shares. The firm notes that the momentum at ITT is “strong” and margin performance is “solid”. ITT’s Wolverine Advanced Materials business has momentum, and EV share capture is poised to drive years of substantial market outgrowth as new platform win rates far surpass ICE share, the analyst tells investors in a research note.