ITT Corp. (ITT) Reports In-Line Q3 EPS; Trims FY16 EPS Outlook
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November 7, 2016 7:36 AM EST
KeyBanc upgraded ITT Corp. (NYSE: ITT) from Sector Weight to Overweight with a price target of $40. Analyst Jeffrey D. Hammond sees valuation as compelling.
"In short, we view ITT earnings trajectory as fully de-risked following the Company's 3Q16 earnings and updated outlook and... More
November 4, 2016 6:45 AM EDT
ITT Inc. (NYSE: ITT) announced that it has signed an agreement to acquire Axtone, a leading manufacturer of highly engineered and customized components for railway and other harsh-environment industrial markets.
The acquisition will be highly complementary to ITTs legacy KONI brand as Axtone produces energy absorption solutions such as springs, buffers and coupler components that are critical safety technologies.
Expanding our strong positions across the transportation industry including railway,... More
