Fox Pitt Downgrades CIT Group (CIT) to In Line

June 26, 2009 10:16 AM EDT

Fox Pitt downgrades CIT Group (NYSE: CIT) from Outperform to In Line. Price target $7.

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CIT Group Inc. (CIT) is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries.


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