Wells Fargo Maintains Underweight on Illinois Tool Works, Raises Price Target to $250
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 $236 to $250.
October 07, 2024 | 8:18 pm
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Wells Fargo's analyst Joseph O'Dea maintains an Underweight rating on Illinois Tool Works but raises the price target from $236 to $250, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the raised price target indicates a slightly improved outlook. This mixed signal may result in a neutral short-term impact on ITW's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100