ITT price target raised to $140 from $125 at DA Davidson

DA Davidson raised the firm’s price target on ITT to $140 from $125 and keeps a Buy rating on the shares after its Q4 results. The company’s Motion Technologies segment remains positioned to generate years of market outgrowth given its ongoing share capture across both EV and ICE platforms, while its Aftermarket demand is recovering and aiding its FY24 margin trajectory, the analyst tells investors in a research note.