Truist Securities Maintains Buy on Illinois Tool Works, Lowers Price Target to $283
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Illinois Tool Works (NYSE:ITW) but lowered the price target from $305 to $283.
July 02, 2024 | 1:20 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Illinois Tool Works (NYSE:ITW) but lowered the price target from $305 to $283.
The maintenance of a Buy rating is positive, but the lowered price target may indicate some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100