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

Rating:
Outperform
CIT
up 9.91 %

Cit Group Inc (del) (CIT) upgraded to Outperform with price target $47 by Boenning & Scattergood

Posted on: Tuesday,  Jul 19, 2011  10:25 AM ET by Boenning & Scattergood

Boenning & Scattergood rated Outperform Cit Group Inc (del) (NYSE: CIT) on 07/19/2011, when the stock price was $39.84.
Since then, Cit Group Inc (del) has gained 9.91% as of 01/21/2016's recent price of $43.79.
If you would have followed this Boenning & Scattergood's recommendation on CIT, you would have gained 9.91% of your investment in 1647 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.

Our equity research team concentrates on companies that aren’t widely covered in sectors such as water distribution/equipment/technology, financial services, business services, aerospace & defense technology, medical technology and retail.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/31/2013 9:25 AM Buy
None
46.74 53.50
as of 12/30/2011
1 Week down  -3.19 %
1 Month up  2.98 %
3 Months up  14.81 %
1 YTD down  -17.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/19/2011 10:25 AM Buy
None
39.84 47.00
2/16/2011 1:33 PM Hold
None
44.57
3/9/2010 11:25 AM Buy
None
35.84 43.25

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