What Analysts Are Saying About ITT Stock
Portfolio Pulse from Benzinga Insights
Analysts have shown a positive outlook on ITT Inc. (NYSE:ITT) with recent upgrades in ratings and price targets. The average 12-month price target has increased by 9.22% to $157.0. ITT has demonstrated strong financial performance with notable revenue growth and net margin, although its ROE is below industry benchmarks.
October 10, 2024 | 4:00 pm
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Analysts have upgraded ITT's ratings and increased the average 12-month price target by 9.22% to $157.0, indicating a positive outlook. ITT's strong revenue growth and net margin are highlighted, though its ROE is below industry benchmarks.
The article highlights a positive shift in analyst sentiment towards ITT, with multiple analysts raising their ratings and price targets. This suggests a bullish outlook, likely to positively impact ITT's stock price in the short term. The company's strong financial performance, particularly in revenue growth and net margin, supports this positive sentiment. However, the lower ROE compared to industry benchmarks may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100