Wells Fargo Maintains Equal-Weight on Illinois Tool Works, Raises Price Target to $277
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has maintained an Equal-Weight rating on Illinois Tool Works (ITW) and increased the price target from $220 to $277.
December 19, 2023 | 1:48 pm
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Wells Fargo analyst Joe O'Dea has maintained an Equal-Weight rating on Illinois Tool Works but raised the price target from $220 to $277, indicating a positive outlook on the stock's value.
The increase in price target by Wells Fargo suggests a positive reassessment of Illinois Tool Works' value, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100