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Fly News Breaks for October 22, 2015
CIT
Oct 22, 2015 | 07:11 EDT
Macquarie upgraded CIT Group to Outperform and increased its price target to $65 from $47 on shares following news the company is exploring strategic initiatives. Analyst Vincent Caintic believes CIT is worth $65+ on an Aerospace sale and sees significant value creation simply by selling the individual franchises, including the railcar and vendor businesses.
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