Citi analyst Andrew Kaplowitz has revised the price target for Illinois Tool Works (ITW, Financial), decreasing it from $265 to $253 while maintaining a Neutral rating on the stock. This adjustment comes as part of a broader outlook on U.S. electrical equipment and industrial conglomerates ahead of their first-quarter performance reports.
According to Citi, there's potential for newfound momentum in this sector as a result of the protectionist initiatives advocated by the Trump Administration, which could eventually act as a catalyst for growth. The analysis suggests that this could foster long-term value across the industry. While some fluctuations may occur, Citi anticipates that overall first-quarter orders and earnings for companies in this sector should generally perform well.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Illinois Tool Works Inc (ITW, Financial) is $251.15 with a high estimate of $302.00 and a low estimate of $216.22. The average target implies an upside of 8.10% from the current price of $232.32. More detailed estimate data can be found on the Illinois Tool Works Inc (ITW) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Illinois Tool Works Inc's (ITW, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Illinois Tool Works Inc (ITW, Financial) in one year is $247.04, suggesting a upside of 6.34% from the current price of $232.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Illinois Tool Works Inc (ITW) Summary page.
