Citigroup Maintains Neutral on Illinois Tool Works, Raises Price Target to $258
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on Illinois Tool Works (NYSE:ITW) and raises the price target from $256 to $258.
August 04, 2023 | 11:22 am
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Citigroup maintains a Neutral rating on Illinois Tool Works and raises the price target from $256 to $258. This could potentially indicate a slight increase in the stock's value.
The raised price target by Citigroup indicates a potential increase in the stock's value. However, the Neutral rating suggests that the stock is expected to perform in line with the market or other comparable stocks. Therefore, while the news is relevant, its importance is moderate.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100