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Cit Group Inc (del) (CIT) [hlAlert]

Rating:
Neutral CIT
up 14.47 %

Cit Group Inc (del) (CIT) downgraded to Neutral by Nomura

Posted on: Tuesday,  Feb 5, 2013  8:25 AM ET by Nomura

Nomura rated Neutral Cit Group Inc (del) (NYSE: CIT) on 02/05/2013. Previously Nomura rated Buy Cit Group Inc (del) (NYSE: CIT) on
11/16/2012., when the stock price was $36.69. Since then, Cit Group Inc (del) has gained 14.47% as of 02/05/2013's recent price of $42.00.
If you would have followed the previous Nomura's recommendation on CIT, you would have gained 14.47% of your investment in 81 days.

CIT Group Inc. (CIT) is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The Company?s products include asset-based loans, secured lines of credit, leases (operating, finance and leveraged), vendor finance programs, import and export financing, debtor-in-possession/turnaround financing, acquisition and expansion financing, letters of credit/trade acceptances structuring and small business loans. The Company operates through five business segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer. In November 2009, the Company filed for bankruptcy.

Nomura
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/5/2013 8:25 AM Hold
None
42.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  8.69 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2012 8:25 AM Buy
None
36.69

(*) Stock Price at the time of the recommendation.
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