On Nov 01, major Wall Street analysts update their ratings for $Illinois Tool Works (ITW.US)$, with price targets ranging from $230 to $312.
Barclays analyst Julian Mitchell maintains with a sell rating, and adjusts the target price from $215 to $230.
Wells Fargo analyst Joe O'Dea maintains with a sell rating, and adjusts the target price from $250 to $255.
Truist Financial analyst Jamie Cook maintains with a buy rating, and maintains the target price at $312.
Seaport Global analyst Walter Liptak maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Illinois Tool Works (ITW.US)$'s main analysts recently are as follows:
The most recent earnings performance and guidance indicate that Illinois Tool Works is regaining momentum with its Enterprise Initiatives, and there are indications that its Construction Products business is beginning to recover.
The recent performance of Illinois Tool Works was operationally consistent, with other factors contributing to results surpassing consensus and the updated guidance. It was noted that the company's overall business is experiencing a lack of momentum, with most segments showing an organic decline and operating income falling slightly compared to the previous year. For the company's stock to experience any significant positive movement from its current position, a revitalization of core growth or strategic mergers and acquisitions would be necessary.
Here are the latest investment ratings and price targets for $Illinois Tool Works (ITW.US)$ from 4 analysts:
Note:
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