Barclays starts ITT at 'equal-weight' on steady growth outlook

ITT

09/03/2026 11:38

** Barclays initiates coverage on industrial parts supplier ITT ITT.N with "equal-weight", price target at $220

** PT implies an 18.5% upside from the stock's last close

** Barclays says co set to deliver mid-single-digit organic sales growth in the coming years, broadly in line with the steady pace it has maintained recently

     ** Adds that ITT kept its margins growing in line with peers by improving performance across its businesses

** Brokerage notes further earnings boost from the FLOW deal is still to come

** Nine of 14 brokerages rate the stock "buy" or higher, five "hold"; their median PT is $229 - data compiled by LSEG

** As of last close, stock had risen about 7% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))