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

Rating:
Buy CIT
down 98.64 %

Cit Group Inc (del) (CIT) upgraded to Buy with price target $46 by Stifel Nicolaus

Posted on: Tuesday,  Jan 19, 2010  9:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Cit Group Inc (del) (NYSE: CIT) on 01/19/2010. Previously Stifel Nicolaus rated Sell Cit Group Inc (del) (NYSE: CIT)
on 07/16/2009., when the stock price was $0.44. Since then, Cit Group Inc (del) has gained 7279.55% as of 01/19/2010's recent price of $32.47.
If you would have followed the previous Stifel Nicolaus's recommendation on CIT, you would have lost 98.64% of your investment in 187 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.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/19/2010 9:25 AM Buy
None
32.47 46.00
as of 12/31/2010
1 Week up  2.93 %
1 Month up  19.08 %
3 Months up  15.11 %
1 YTD up  27.11 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2009 8:25 AM Sell
None
0.44
5/6/2008 8:25 AM Buy
None
12.11 18.00
3/24/2008 8:25 AM Buy
None
13.03 20.00
10/8/2007 10:28 AM Hold
None
40.27
8/17/2007 9:25 AM Buy
None
34.69 55.00
7/20/2007 9:25 AM Buy
None
48.55 62.00

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