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UPDATE: Deutsche Bank Raises PT on ITT Corporation to $31 Following Solid Q4 Results, 2013 Guidance

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A Thursday report published by Deutsche Bank reiterated a Buy rating on ITT Corporation (NYSE: ITT) and raised its price target from $27 to $31.

Deutsche Bank said, "Robust 2013 guidance and favorable commentary around revenue and operational opportunities following ITT's 4Q12 earnings reinforce our confidence toward the company's outlook beyond 2013. In turn, we are rolling forward our valuation framework to 2014 and raising our price target to $31. Our EPS estimates for 2013 and 2014 remain unchanged."

ITT closed on Wednesday at $25.79.

Latest Ratings for ITT

DateFirmActionFromTo
Aug 2014BarclaysMaintainsEqual-weight
Jun 2014Goldman SachsInitiates Coverage onNeutral
Mar 2014SunTrust Robinson HumphreyInitiates Coverage onBuy

View More Analyst Ratings for ITT
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

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