Alert: Rating Downgrade (11/17/23)-ITT Inc (NYSE: ITT).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ITT Inc (NYSE: ITT) weakened of late. ITT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.


Recent Price Action

ITT Inc (NYSE: ITT) stock rose slightly by 0.2% on 11/17/23. The stock closed at $108.07. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.5% during the last week.

Current PriceTarget Research Rating

ITT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

ITT has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ITT has a poor Appreciation Score of 28 but a very high Power Rating of 97, leading to the High Neutral Value Trend Rating.

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