Analysts Offer Insights on Conglomerates Companies: and Illinois Tool Works (NYSE: ITW)

By Carrie Williams

Analysts fell to the sidelines weighing in on and Illinois Tool Works (ITWResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Illinois Tool Works (ITW)

In a report issued on January 22, Mircea Dobre from Robert W. Baird maintained a Hold rating on Illinois Tool Works, with a price target of $210.00. The company’s shares closed last Monday at $201.02.

According to TipRanks.com, Dobre is a 5-star analyst with an average return of 20.4% and a 61.9% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Lincoln Electric Holdings, and John Bean Technologies.

Currently, the analyst consensus on Illinois Tool Works is a Hold with an average price target of $217.15, implying an 8.5% upside from current levels. In a report issued on January 19, Goldman Sachs also upgraded the stock to Hold with a $217.00 price target.

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