Barclays Maintains Underweight on Illinois Tool Works, Lowers Price Target to $217
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on Illinois Tool Works (NYSE:ITW) and lowers the price target from $229 to $217.
June 04, 2024 | 3:10 pm
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Barclays analyst Julian Mitchell maintains an Underweight rating on Illinois Tool Works (NYSE:ITW) and lowers the price target from $229 to $217.
The Underweight rating and lowered price target from $229 to $217 by Barclays suggest a bearish outlook on Illinois Tool Works. This is likely to negatively impact the stock price in the short term as investors react to the downgrade.
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