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Enter Symbol:
Rating: CIT
Outperform $54

Cit Group Inc (del) (NYSE: CIT) reiterated to Outperform with price target $54 by Oppenheimer

Wednesday,  Nov 4, 2015  9:25 AM ET by Lynn Gilbert

Oppenheimer reiterated Cit Group Inc (del) (NYSE: CIT) to Outperform with price target
$54. Previously, Oppenheimer rated Cit Group Inc (del) (NYSE: CIT) to Outperform with price target $54 on 04/24/2013, when the stock price was valued at $42.12.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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