TD Cowen raised the firm’s price target on ITT to $150 from $125 and keeps a Buy rating on the shares. The firm said the next stage of the company’s evolution likely centers on consistent M&A deployment, and with it potential entry into the “compounder” conversation, which could bring higher multiples.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITT: