Does ITT (ITT) Have the Potential to Rally 28.5% as Wall Street Analysts Expect?
Zacks reports that Wall Street analysts’ average price targets imply 28.5% potential upside for ITT. It notes the measure’s effectiveness is questionable, while positive earnings estimate revisions could support an upside in the stock.
Why it matters — ITT watchers may note the analysts’ price-target indication and the positive trend in earnings estimate revisions, alongside the stated limitation of the metric.