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

Rating:
Market Perform
CIT

Cit Group Inc (del) (CIT) rated Market Perform with price target $11 by BMO Capital Markets

Posted on: Friday,  Jul 18, 2008  9:25 AM ET by BMO Capital Markets

Cit Group Inc (del) (CIT)
rated Market Perform with price target $11 by BMO Capital Markets.

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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/18/2008 9:25 AM Hold
None
8.52 11.00
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
3/24/2008 9:25 AM Hold
None
13.03 13.00
7/19/2007 3:25 PM Hold
None
48.48 56.00

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