UPDATE: Baird Equity Research Upgrades ITT on Emerging Catalysts, Earnings Power Potential

In a report published Friday, Baird Equity Research analyst Michael Halloran upgraded the rating on ITT (NYSE: ITT ) from Neutral to Outperform, and raised the price target from $37.00 to $52.00. In the report, Baird Equity Research noted, “We believe current price offers attractive long-term entry point given earnings