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

Rating:
Neutral CIT
up 2.56 %

Cit Group Inc (del) (CIT) downgraded to Neutral by Credit Suisse

Posted on: Friday,  Apr 24, 2009  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Cit Group Inc (del) (NYSE: CIT) on 04/24/2009. Previously Credit Suisse rated Outperform Cit Group Inc (del) (NYSE: CIT)
on 04/01/2009., when the stock price was $2.73. Since then, Cit Group Inc (del) has gained 2.56% as of 04/24/2009's recent price of $2.80.
If you would have followed the previous Credit Suisse's recommendation on CIT, you would have gained 2.56% of your investment in 23 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/24/2009 8:25 AM Hold
None
2.80
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -38.32 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/1/2009 9:25 AM Buy
None
2.73 9.00
12/15/2008 9:25 AM Buy
None
4.41 10.00

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