Citigroup Maintains Neutral on Illinois Tool Works, Raises Price Target to $256
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Neutral rating on Illinois Tool Works (ITW) and increased the price target from $244 to $256.
December 11, 2023 | 5:19 pm
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Citigroup analyst Andrew Kaplowitz has reaffirmed a Neutral rating on Illinois Tool Works, but raised the price target to $256, indicating a potential upside from the previous target of $244.
The increase in price target by Citigroup suggests a positive outlook on the stock's value, potentially leading to short-term price appreciation. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, which may temper investor reactions.
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