Wells Fargo Maintains Underweight on Illinois Tool Works, Lowers Price Target to $244
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea maintains an Underweight rating on Illinois Tool Works (ITW) and lowers the price target from $255 to $244.
May 01, 2024 | 6:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Joseph O'Dea maintains an Underweight rating on Illinois Tool Works, lowering the price target from $255 to $244.
The reduction in price target by Wells Fargo, accompanied by an Underweight rating, suggests a bearish outlook on ITW's stock in the short term. This could lead to negative investor sentiment and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100