Stock Rating Upgrade
The Value Trend Rating for ITT Inc (NYSE: ITT) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
ITT Inc (NYSE: ITT) stock closed at $126.66 on 3/1/24 after a modest gain of 0.4%. However, below average trading volume at 70% of normal accompanied the advance. The stock has risen 1.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ITT is expected to continue to be a major Value Builder.
ITT has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ITT has a slightly negative Appreciation Score of 33 but a very high Power Rating of 93, resulting in the Positive Value Trend Rating.
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