ITT price target raised to $110 from $100 at KeyBanc

KeyBanc analyst Jeffrey Hammond raised the firm’s price target on ITT to $110 from $100 and keeps an Overweight rating on the shares. While ITT has continued to lag given margin headwinds at MT, the firm expects to see sequential progress in MT margins and a return to normal moving into 2024, the analyst tells investors in a research note.