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

Rating:
Overweight
CIT
up 112.88 %

Cit Group Inc (del) (CIT) rated Overweight with price target $15 by Lehman Brothers

Posted on: Wednesday,  Jul 2, 2008  11:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Cit Group Inc (del) (NYSE: CIT) on 07/02/2008. Previously Lehman Brothers rated Overweight Cit Group Inc (del) (NYSE: CIT)
on 03/04/2008., when the stock price was $20.57. Since then, Cit Group Inc (del) has gained 112.88% as of 01/21/2016's recent price of $43.79.
If you would have followed the previous Lehman Brothers's recommendation on CIT, you would have gained 112.88% of your investment in 2879 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/2/2008 11:25 AM Buy
None
8.77 15.00
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
4/18/2008 8:25 AM Buy
None
13.45 27.00
3/4/2008 8:25 AM Buy
None
20.57 39.00

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