ITT price target lowered to $148 from $179 at Stifel

Stifel lowered the firm’s price target on ITT (ITT) to $148 from $179 and keeps a Buy rating on the shares. The firm is assuming U.S. trade policy leads to a modest industrial recession in the second half of this year through the first half of 2026 and assumes uncertainty leads to lower customer capital and operating expenditures, which cause ITT and/or its customers to slow production.