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Enter Symbol:
 
Cit Group Inc (del) (CIT) [hlAlert]

Rating:
Neutral CIT

Cit Group Inc (del) (CIT) rated Neutral with price target $53 by Sun Trust Rbsn Humphrey

Posted on: Monday,  Oct 14, 2013  8:25 AM ET by Sun Trust Rbsn Humphrey

Cit Group Inc (del) (NYSE: CIT)
rated Neutral with price target $53 by Sun Trust Rbsn Humphrey.

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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2013 8:25 AM Hold
None
49.59 53.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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