Stifel Maintains Hold on Illinois Tool Works, Raises Price Target to $250
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Nathan Jones maintains a 'Hold' rating on Illinois Tool Works (NYSE:ITW) and raises the price target from $236 to $250.
July 19, 2023 | 4:25 pm
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Stifel maintains a 'Hold' rating on Illinois Tool Works and raises the price target from $236 to $250.
The news is directly about Illinois Tool Works. Stifel's decision to maintain a 'Hold' rating indicates a neutral stance, suggesting that the stock is fairly valued at current levels. The increase in price target from $236 to $250 could suggest a potential upside, but as the rating is 'Hold', it's not expected to have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100