ITG (NASDAQ:ITG) Raised to “Strong-Buy” at KeyCorp

ITG (NASDAQ:ITG) was upgraded by KeyCorp to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

Several other analysts also recently commented on ITG. Truist Financial initiated coverage on shares of ITG in a research report on Monday. They set a “buy” rating and a $16.00 price objective for the company. Bank of America began coverage on shares of ITG in a research note on Monday. They set a “buy” rating and a $16.00 target price on the stock. Stifel Nicolaus began coverage on shares of ITG in a report on Monday. They issued a “buy” rating and a $16.00 price target for the company. Citigroup initiated coverage on shares of ITG in a report on Monday. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Vertical Research initiated coverage on shares of ITG in a research report on Monday. They set a “buy” rating and a $20.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, ITG currently has a consensus rating of “Buy” and an average price target of $17.56.

ITG Stock Down 3.0%

NASDAQ ITG opened at $13.05 on Friday. The company has a market cap of $1.58 billion, a P/E ratio of -699.00 and a beta of 0.69. ITG has a one year low of $10.37 and a one year high of $19.26.

ITG News Summary

Here are the key news stories impacting ITG this week:

• Positive Sentiment: Several major firms upgraded ITG to Strong Buy. UBS Group, KeyCorp and Robert W. Baird raised their ratings, adding to the growing consensus that the stock is undervalued. Ticker Report article
• Positive Sentiment: New coverage established a series of Buy ratings and upside targets. Vertical Research initiated coverage with a $20 target, implying approximately 53% upside from the referenced price, while Bank of America, Stifel Nicolaus and Truist each set Buy ratings with $16 targets, implying about 23% upside. ITG draws bullish initiations from Bank of America and UBS
• Positive Sentiment: Analysts cited structural telecom growth and broadband spending. UBS analyst Steven Fisher highlighted undervalued EBITDA growth and data-center upside, while Stifel’s Brian Brophy pointed to ITG’s positioning for structural telecom expansion and the federally supported BEAD broadband program. UBS analyst Buy rating
• Negative Sentiment: Execution and industry-spending risks remain. UBS noted that cable-company spending could be a headwind, potentially limiting near-term growth even as data-center demand and broadband investment provide longer-term support.

ITG Company Profile

ITG, Inc was a financial services company best known for its institutional brokerage and trading services. The firm provided execution, electronic trading, and related brokerage solutions designed to help asset managers and other institutional investors trade securities more efficiently.

The company also offered portfolio trading, agency trading, and workflow tools that supported the investment process from order generation through execution. Over time, ITG developed technology-enabled services aimed at improving trading performance, transparency, and access to liquidity across equity markets.

ITG served institutional clients in the United States and other major financial markets.