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

Neutral CIT

Cit Group Inc (del) (CIT) rated Neutral with price target $52 by Compass Point

Posted on: Friday,  May 31, 2013  8:25 AM ET by Compass Point

Compass Point rated Neutral Cit Group Inc (del) (NYSE: CIT) on 05/31/2013. Previously Compass Point rated Buy Cit Group Inc (del) (NYSE: CIT)
on 08/09/2011., when the stock price was $32.07. Since then, Cit Group Inc (del) has gained 35.30% as of 03/25/2013's recent price of $43.39.
If you would have followed the previous Compass Point's recommendation on CIT, you would have gained 35.29% of your investment in 594 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.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/31/2013 8:25 AM Hold
46.74 52.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  12.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2013 8:25 AM Hold
8/9/2011 8:25 AM Buy
32.07 46.00
5/17/2011 12:25 PM Hold

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