Bullish Case: ITT's strong balance sheet and high free cash flow can support growth.


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Bearish Case: Global macroeconomic uncertainty may limit demand for ITT's industrial products.


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Takeaway: ITT's stock price will likely remain rangebound near current levels, with moderate upside or downside based on broader economic conditions over the next 6-12 months. Key factors to monitor are industrial activity, macro growth trends, and ITT's ability to navigate market volatility.


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Potential Outcomes:

1) Strong macroeconomic conditions lead to increased industrial activity (30% chance). ITT stock rises to $105. 2) Continued moderate growth for ITT despite economic uncertainty (50% chance). ITT stock remains around $95. 3) Recession causes decline in ITT's key markets (20% chance). ITT stock falls to $75.


September 27, 2023


ITT Forecast

[ITT]  ITT
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING



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