Barclays Maintains an 'Equalweight' on ITT Corp. (ITT); Updating Estimates
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Price: $208.15 -2.53%
Rating Summary:
16 Buy, 9 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
16 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
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Barclays maintains an 'Equalweight' on ITT Corp. (NYSE: ITT) price target of $64.00.
Barclays analyst says, "We are updating our estimates to reflect the 1Q results and guidance change from that time: Our 2011 EPS estimate remains $4.80; however, we have taken our 2Q11 EPS estimate down to $1.14 from $1.28 as we think Defense pressures could persist in 2Q. Our 2012 EPS estimate goes to $5.15 from $5.20."
For more ratings news on ITT Corp. click here and for the rating history of ITT Corp. click here.
Shares of ITT Corp. closed at $55.94 yesterday.
Barclays analyst says, "We are updating our estimates to reflect the 1Q results and guidance change from that time: Our 2011 EPS estimate remains $4.80; however, we have taken our 2Q11 EPS estimate down to $1.14 from $1.28 as we think Defense pressures could persist in 2Q. Our 2012 EPS estimate goes to $5.15 from $5.20."
For more ratings news on ITT Corp. click here and for the rating history of ITT Corp. click here.
Shares of ITT Corp. closed at $55.94 yesterday.
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