Itt Industries: Its Time May Be Nigh

The stock market has been hard on industrial companies, despite the economy's strength. Take ITT Industries (IIN), whose stock is down from 41 1/2 in mid-April to 32, at a depressed p-e ratio of just 12.6 on estimated 1999 earnings. But some analysts are certain that the time for such industrial stocks is near, if not already here.

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