Analysts’ Top Conglomerates Picks: Illinois Tool Works (ITW), Raytheon (RTN)

By Ryan Adsit

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

Illinois Tool Works (ITW)

Credit Suisse analyst Jamie Cook maintained a Hold rating on Illinois Tool Works yesterday and set a price target of $126. The company’s shares closed yesterday at $134.43.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 5.9% and a 56.2% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Advanced Disposal Services Inc, Aecom Technology Corp, and Jacobs Engineering.

Currently, the analyst consensus on Illinois Tool Works is a Moderate Sell with an average price target of $128.83.

See today’s analyst top recommended stocks >>

Raytheon (RTN)

In a report issued on January 31, Robert Spingarn from Credit Suisse maintained a Hold rating on Raytheon, with a price target of $175. The company’s shares closed yesterday at $165.96.

According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 14.9% and a 71.5% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.

Raytheon has an analyst consensus of Moderate Buy, with a price target consensus of $198.83.

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