BofA Securities analyst Andrew Obin has adjusted his outlook on ITT Inc. (ITT, Financial), reducing the price target from $175 to $145 while maintaining a Buy rating on the stock. The revision is part of a broader assessment within the Industrials and Multi-Industry sectors, where BofA anticipates first-quarter earnings to meet or exceed expectations.
The adjustment in the price target reflects a proactive stance in response to ongoing economic uncertainties and established tariff pressures, despite an announced 90-day pause on reciprocal tariffs as of April 9. This strategic move by BofA aims to factor in potential volatility and external challenges that could impact the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for ITT Inc (ITT, Financial) is $165.67 with a high estimate of $181.00 and a low estimate of $148.00. The average target implies an upside of 31.95% from the current price of $125.55. More detailed estimate data can be found on the ITT Inc (ITT) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, ITT Inc's (ITT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ITT Inc (ITT, Financial) in one year is $123.34, suggesting a downside of 1.76% from the current price of $125.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ITT Inc (ITT) Summary page.
