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Fly News Breaks for November 2, 2015
ITT
Nov 2, 2015 | 06:21 EDT
UBS analyst Shannon O'Callaghan downgraded ITT Corporation to Sell saying recent order pressure in the company's Industrial Process segment will convert to sales pressure in 2016. The unit's sales could be down 25% in 2016, driving earnings pressure, O'Callaghan tells investors in a research note. He cut his price target for shares to $36 from $41.
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