As previously reported, BofA analyst Andrew Obin downgraded Illinois Tool Works (ITW) to Underperform from Neutral with a price target of $220, down from $245. Given its exposure to automotive and consumer markets, the firm believes that the company will face headwinds to growth and margin expansion, driving negative consensus revisions, says the analyst, who notes that BofA’s 2025 estimates are below consensus. Even without a broader recession, ITW is “uniquely vulnerable” to tariff disruption given its end market mix, the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITW:
- Illinois Tool Works downgraded to Underperform from Neutral at BofA
- Illinois Tool Works price target lowered to $284 from $302 at Truist
- Illinois Tool Works price target raised to $244 from $239 at Baird
- Sell Rating for Illinois Tool Works Amidst Declining Performance and Sector Challenges
- Illinois Tool Works price target lowered to $237 from $240 at Barclays