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

Rating:
Buy CIT
down 6.31 %

Cit Group Inc (del) (CIT) rated Buy with price target $55 by Stifel

Posted on: Wednesday,  Jul 24, 2013  9:25 AM ET by Stifel

Stifel rated Buy Cit Group Inc (del) (NYSE: CIT) on 07/24/2013. Previously Stifel rated Buy Cit Group Inc (del) (NYSE: CIT) on
05/31/2013., when the stock price was $46.74. Since then, Cit Group Inc (del) has lost 6.31% as of 01/21/2016's recent price of $43.79.
If you would have followed the previous Stifel's recommendation on CIT, you would have lost 6.31% of your investment in 965 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.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2013 9:25 AM Buy
None
50.10 55.00
as of 12/13/2013
1 Week down  -2.38 %
1 Month up  0.20 %
3 Months down  -0.68 %
1 YTD down  -1.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/31/2013 8:25 AM Buy
None
46.74 53.00

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