Wells Fargo Maintains Underweight on Illinois Tool Works, Raises Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea maintains an Underweight rating on Illinois Tool Works (NYSE:ITW) but raises the price target from $230 to $236.
July 31, 2024 | 4:12 pm
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Wells Fargo analyst Joseph O'Dea maintains an Underweight rating on Illinois Tool Works (NYSE:ITW) but raises the price target from $230 to $236.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive expectations. The mixed signals likely result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100