Morgan Stanley Reiterates Underweight on Illinois Tool Works, Maintains $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Pokrzywinski has reiterated an Underweight rating on Illinois Tool Works (NYSE:ITW), maintaining a price target of $230.
July 17, 2023 | 1:56 pm
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Morgan Stanley has reiterated an Underweight rating on Illinois Tool Works, maintaining a price target of $230.
The Underweight rating from Morgan Stanley suggests that they expect Illinois Tool Works' stock to underperform compared to other stocks. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100