Analyst Expectations for Illinois Tool Works's Future
Portfolio Pulse from Benzinga Insights
In the last quarter, Illinois Tool Works (NYSE:ITW) received mixed analyst ratings with 1 somewhat bullish, 4 indifferent, and 3 somewhat bearish. Over the past 3 months, 8 analysts have offered 12-month price targets for ITW, with an average price target of $243.12, a high of $292.00, and a low of $210.00. The average price target has increased by 3.51% over the past month.
August 04, 2023 | 11:32 am
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Mixed analyst ratings and an increased average price target could lead to volatility for ITW in the short term.
The mixed analyst ratings indicate uncertainty about the company's future performance. The increase in the average price target suggests that some analysts are becoming more optimistic about the company's prospects, which could attract more investors and potentially drive the price up. However, the presence of somewhat bearish ratings could also lead to selling pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100