ITT price target raised to $155 from $150 at KeyBanc

KeyBanc raised the firm’s price target on ITT to $155 from $150 and keeps an Overweight rating on the shares. KeyBanc remains impressed by strong internal execution and broad strength across segments despite a less certain macro, the analyst tells investors in a research note. The firm thinks the divestiture of Wolverine and kSARIA acquisition represent additional steps in the right direction and expects further capital allocation catalysts over time.