Cowen & Co. Believes ITT Corp (ITT) Still Has Room to Grow


Cowen & Co. analyst Joseph Giordano reiterated a Buy rating on ITT Corp (NYSE: ITT) on September 19 and set a price target of $67. The company’s shares closed on Friday at $61.18, close to its 52-week high of $63.04.

According to TipRanks.com, Giordano is a 5-star analyst with an average return of 20.8% and a 79.5% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Roper Technologies, Parker Hannifin, and Flowserve Corp.

Currently, the analyst consensus on ITT Corp is a Strong Buy with an average price target of $68.33.

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Based on ITT Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $69.7 million. In comparison, last year the company had a net profit of $47.8 million.

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ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets.

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