Stifel Maintains Hold on Illinois Tool Works, Raises Price Target to $238
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Nathan Jones has maintained a Hold rating on Illinois Tool Works (NYSE:ITW) and increased the price target from $236 to $238.
December 19, 2023 | 3:41 pm
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NEUTRAL IMPACT
Stifel analyst Nathan Jones maintains a Hold rating on Illinois Tool Works and raises the price target from $236 to $238, indicating a potential limited upside for the stock.
The adjustment in price target by Stifel is marginal, suggesting only a slight change in valuation. As the rating remains a Hold, the impact on the stock price is likely to be minimal in the short term. The confidence in this analysis is high due to the direct mention of ITW and the specific nature of the price target change.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100