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

Rating:
Equal Weight
CIT
up 16.99 %

Cit Group Inc (del) (CIT) rated Equal Weight with price target $46 by Barclays Capital

Posted on: Wednesday,  Apr 6, 2011  12:25 PM ET by Barclays Capital

Barclays Capital rated Equal Weight Cit Group Inc (del) (NYSE: CIT) on 04/06/2011. Previously Barclays Capital rated Overweight Cit Group Inc (del) (NYSE:
CIT) on 09/01/2010., when the stock price was $37.43. Since then, Cit Group Inc (del) has gained 16.99% as of 01/21/2016's recent price of $43.79.
If you would have followed the previous Barclays Capital's recommendation on CIT, you would have gained 16.99% of your investment in 1968 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.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/6/2011 12:25 PM Buy
None
42.49 46.00
as of 12/30/2011
1 Week down  -3.19 %
1 Month up  2.98 %
3 Months up  14.81 %
1 YTD down  -25.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/27/2010 2:25 PM Buy
None
43.28 48.00
9/1/2010 12:25 PM Buy
None
37.43 46.00
4/24/2009 8:25 AM None
None
2.80

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