Barclays raised the firm’s price target on Illinois Tool Works (ITW) to $230 from $215 and keeps an Underweight rating on the shares. The earnings performance and guidance suggested the company “is hitting its stride again on Enterprise Initiatives, while CBI may be showing some signs of life,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ITW:
- Illinois Tool Works Steady Amid Market Challenges
- Illinois Tool Works price target raised to $250 from $240 at Baird
- Alphabet, AMD report Q3 earnings beats: Morning Buzz
- Illinois Tool Works reports Q3 adjusted EPS $2.65, consensus $2.53
- Illinois Tool Works raises FY24 EPS view to $11.63-$11.73 from $10.30-$10.40
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
