ITT price target raised to $143 from $124 at Baird

Baird raised the firm’s price target on ITT to $143 from $124 and keeps an Outperform rating on the shares. The firm said they remain constructive on the 2024 growth profile citing healthy end markets, extended backlog, better channel inventory position, share gain/outperformance, as execution remains impressive and long-term earnings power potential is attractive/differentiated.