In a recent update, Barclays analyst Julian Mitchell has maintained an 'Equal-Weight' rating on Illinois Tool Works (ITW, Financial) while raising the price target to $240.00 from a previous $237.00. This adjustment signifies a 1.27% increase in the price target, reflecting a positive expectation for the company's future stock performance.
The revision in the price target for ITW comes as part of Barclays' ongoing analysis of the industrial sector. Despite the maintained rating, the new price target indicates a slightly optimistic outlook on ITW's market valuation.
As of the last update, the stock of Illinois Tool Works (ITW, Financial) remains listed on the NYSE, attracting continued interest from investors seeking insights from industry analysts like Julian Mitchell. The updated price target and maintained rating are crucial indicators for stakeholders monitoring ITW's stock trajectory.
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 $247.96 with a high estimate of $284.00 and a low estimate of $216.45. The average target implies an downside of 3.87% from the current price of $257.95. 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 $252.10, suggesting a downside of 2.27% from the current price of $257.95. 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.
