Barclays Maintains Underweight on Illinois Tool Works, Raises Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on Illinois Tool Works (NYSE:ITW) and raises the price target from $203 to $210.
July 10, 2023 | 2:37 pm
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Barclays maintains an Underweight rating on Illinois Tool Works but raises the price target from $203 to $210.
While the Underweight rating suggests that Barclays expects ITW's performance to be below average, the increased price target indicates a slightly more positive outlook. However, the impact on the stock price in the short term is uncertain as the two signals are somewhat contradictory.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100