Barclays Maintains Underweight on Illinois Tool Works, Lowers Price Target to $215
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 $217 to $215.
July 31, 2024 | 7:06 pm
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Barclays analyst Julian Mitchell maintains an Underweight rating on Illinois Tool Works and lowers the price target from $217 to $215.
The Underweight rating and lowered price target from $217 to $215 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 may react to the lowered expectations.
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IMPORTANCE 80
RELEVANCE 100