In a report released today, Michael Halloran from Robert W. Baird maintained a Buy rating on ITT Corp (NYSE: ITT), with a price target of $62. The company’s shares closed on Friday at $51.88.
According to TipRanks.com, Halloran is a 4-star analyst with an average return of 10.0% and a 69.4% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Advanced Drainage Systems, and Emerson Electric Company.
Currently, the analyst consensus on ITT Corp is Strong Buy and the average price target is $60.80, representing a 17.2% upside.
In a report issued on May 4, Oppenheimer also assigned a Buy rating to the stock with a $60 price target.
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Based on ITT Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $101 million. In comparison, last year the company had a net profit of $46 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.
