JP Morgan Maintains Overweight on Illinois Tool Works, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Overweight rating on Illinois Tool Works (NYSE:ITW) but lowers the price target from $265 to $255.
October 16, 2023 | 2:49 pm
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JP Morgan maintains an Overweight rating on Illinois Tool Works but lowers the price target from $265 to $255.
The news is directly about Illinois Tool Works. While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target might cause some uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100