Analyst Joseph C Giordano of TD Cowen maintained a Buy rating on ITT (ITT – Research Report), with a price target of $165.00.
Joseph C Giordano has given his Buy rating due to a combination of factors that highlight ITT’s potential for growth. Despite challenges in the automotive sector, which constitutes a significant portion of ITT’s sales, the company is demonstrating resilience through strong performance in its process and connectors segments.
Additionally, ITT is showing promising development in mergers and acquisitions, which is expected to further bolster its growth trajectory. Giordano’s confidence is also rooted in the belief that ITT is evolving into a “baby compounder,” suggesting a capacity for sustained growth and value creation over time.
C Giordano covers the Industrials sector, focusing on stocks such as Symbotic, Flowserve, and IDEX. According to TipRanks, C Giordano has an average return of 8.4% and a 60.99% success rate on recommended stocks.
In another report released on February 18, D.A. Davidson also maintained a Buy rating on the stock with a $170.00 price target.