Barclays Maintains Underweight on Illinois Tool Works, Lowers Price Target to $229
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Underweight rating on Illinois Tool Works (ITW) and reduced the price target from $230 to $229.
May 02, 2024 | 5:51 pm
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Barclays has maintained an Underweight rating on Illinois Tool Works and lowered the price target from $230 to $229.
The reduction in price target by Barclays, while maintaining an Underweight rating, suggests a bearish outlook on ITW's stock in the short term. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively.
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