CIT Group up 3.4% as Fed approves capital plan, BMO upgrades [Seeking Alpha]
CIT Group Inc (DEL) (CIT)
Last cit group inc (del) earnings: 4/21 06:00 am
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US:NYSE Investor Relations:
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Source: Seeking Alpha
CIT Group up 3.4% as Fed approves capital plan, BMO upgradesThe company after the close on Friday announcedFed approval of its amended capital plan.BMO's James Fotheringham waves the white flag on his Underperform rating, boostingCIT to Market Perform, and his price target to $49. He sees 2018 core EPS of $3.31 vs. $3.22 previously, and 2019 of $4.60 vs. $4.28."CIT’s share price did not come down to our target price as we had originally expected it would; instead, our target price came up to CIT’s share price."Source: BloombergShares+3.4% to $52.34.See all stocks on the move »Now read:CIT Group Inc. 2017 Q4 - Results - Earnings Call Slides »
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