ITT (ITT) Receives a Buy from Oppenheimer
Oppenheimer analyst Bryan Blair assigned a Buy rating to ITT (ITT) today and set a price target of $72.00. The company’s shares closed last Thursday at $62.79.
According to TipRanks.com, Blair is a 4-star analyst with an average return of 6.9% and a 55.3% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
Currently, the analyst consensus on ITT is a Moderate Buy with an average price target of $68.00.
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The company has a one-year high of $75.56 and a one-year low of $35.41. Currently, ITT has an average volume of 456.1K.
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ITT, Inc. engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies. The Motion Technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation. The Industrial Process segment includes engineered fluid process equipment in areas such as chemical, oil and gas, mining, and other industrial process markets as well as providing of plant optimization and efficiency solutions and aftermarket services and parts. The Connect and Control Technologies segment offers harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets. The company was founded in 1920 and is headquartered in White Plains, NY.