Wolfe Research upgraded ITT, Inc. (NYSE:ITT) to Outperform with a $229 target as the company bolsters its Connect & Control Technologies unit by completing the acquisition of Aerospace Contacts, expanding its high-reliability components footprint in aerospace and defense.
Previous Week Recap
- Wolfe Upgrades ITT To Outperform: Wolfe Research upgraded ITT Inc. (ITT) from Peer Perform to Outperform and set a new price target of $229 per share.
- ITT Completes Aerospace Contacts Acquisition: ITT completed acquisition of Aerospace Contacts, a supplier of high-reliability contacts, housings and shells for aerospace and defense, added to ITT’s Connect & Control Technologies business.
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