CIT Affirmed ‘Neutral’ on Restructuring Activities
In an investment research report on CIT Group, Zacks said it is affirming its “neutral” recommendation on CIT Group based on its restructuring activities.
Zacks said in the report that the company’s capital deployment activities and inorganic growth are expected to remain impressive. However, sluggish growth in the industries where company provides finance, together with stringent regulations will likely dent the company’s financial performance in the upcoming quarters, Zacks notes.
To read the Zacks Investment Research report, click here.