Illinois Tool Works (ITW) Gets a Hold Rating from Credit Suisse

By Carrie Williams

Credit Suisse analyst Jamie Cook maintained a Hold rating on Illinois Tool Works (ITWResearch Report) yesterday and set a price target of $131. The company’s shares closed yesterday at $129.47.

According to TipRanks.com, Cook is a 4-star analyst with an average return of 5.6% and a 53.6% 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 Buy with an average price target of $138.10, a 6.7% upside from current levels. In a report issued on December 3, Deutsche Bank also maintained a Hold rating on the stock.

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The company has a one-year high of $179.07 and a one-year low of $119.38. Currently, Illinois Tool Works has an average volume of 1.76M.

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Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.