ITT Corp. (ITT) PT Raised to $190 at DA Davidson

DA Davidson analyst Matt Summerville raised the price target on ITT Corp. (NYSE: ITT) to $190.00 (from $170.00) while maintaining a Buy rating.

The analyst commented, "ITT’s overall execution remains sound as it continues to deliver market outgrowth via share gains and healthy overall price capture. Broad-based strength paired with noticeable contributions from recent acquisitions supports ITT’s raised sales and EPS guidance for FY25, noting continued project wins, backlog position (nearly $2B), and inbound order rates (organically +13%). ITT’s balance sheet remains quite strong and supportive of both buybacks and M&A. BUY/PT to $190."

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