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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100