Morgan Stanley Maintains Underweight on Illinois Tool Works, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has maintained an Underweight rating on Illinois Tool Works (NYSE:ITW), while raising the price target from $211 to $230.
July 12, 2023 | 1:26 pm
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Morgan Stanley has maintained an Underweight rating on Illinois Tool Works, but raised the price target from $211 to $230.
The news directly pertains to Illinois Tool Works (ITW). While the Underweight rating suggests that the stock may underperform, the raised price target indicates a potential upside. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100