On May 19, 2025, Evercore ISI Group, a prominent financial services firm, announced a revision to their price target for Illinois Tool Works (ITW, Financial). The analyst from Evercore, David Raso, adjusted the price target for ITW from $252.00 down to $249.00, indicating a change of -1.19%.
Despite the reduction in the price target, the analyst maintained their current rating of "Underperform" for ITW. This reflects a continued cautious outlook on the stock's future performance. The previous price target was also based on an "Underperform" rating, signaling no change in the analyst's overall sentiment towards Illinois Tool Works.
Investors and market participants may want to note these adjustments as they consider ITW's position in their portfolios, given the current rating and the slightly lowered price target. The stock, trading in USD, remains under scrutiny from analysts in the industry.
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 $245.30 with a high estimate of $284.00 and a low estimate of $216.45. The average target implies an downside of 2.40% from the current price of $251.34. 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 $250.59, suggesting a downside of 0.3% from the current price of $251.34. 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.
