Stifel Nicolaus Maintains a Buy Rating on ITT Corp

By Carrie Williams

Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on ITT Corp (NYSE: ITT) today and set a price target of $59. The company’s shares closed on Friday at $51.26.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.8% and a 58.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Lincoln Electric Holdings, and Watts Water Technologies.

Currently, the analyst consensus on ITT Corp is Strong Buy and the average price target is $60.63, representing a 18.3% upside.

In a report issued on April 4, Robert W. Baird also reiterated a Buy rating on the stock with a $64 price target.

The company has a one-year high of $57.62 and a one-year low of $36.93. Currently, ITT Corp has an average volume of 612K.

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ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets.