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

Rating:
Buy CIT
down 11.92 %

Cit Group Inc (del) (CIT) rated Buy with price target $21 by UBS

Posted on: Monday,  Mar 24, 2008  9:25 AM ET by UBS

UBS rated Buy Cit Group Inc (del) (NYSE: CIT) on 03/24/2008. Previously UBS rated Buy Cit Group Inc (del) (NYSE: CIT) on
07/19/2007., when the stock price was $49.72. Since then, Cit Group Inc (del) has lost 11.93% as of 01/21/2016's recent price of $43.79.
If you would have followed the previous UBS's recommendation on CIT, you would have lost 11.92% of your investment in 3108 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2008 9:25 AM Buy
None
13.03 21.00
as of 12/24/2008
1 Week down  -41.84 %
1 Month down  -5.74 %
3 Months down  -3.52 %
1 YTD down  -86.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2008 10:50 AM Buy
None
23.60 50.00
7/19/2007 9:25 AM Buy
None
49.72 67.00

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