Citi Retains Hold Rating On ITT Corp

According to Citi, ITT Corporation ITT Hold rating is retained. Citi said that it considers all of the key new disclosures in ITT's Form 10s filed on Monday, July 11 to be as-expected and the transaction looks to be proceeding on track for the three-way split by year-end. “With the breakup likely four months a way, we choose to remain on the sidelines with a Hold.” ITT Corporation closed yesterday at $57.70.