BofA lowered the firm’s price target on Illinois Tool Works (ITW) to $245 from $270 and keeps a Neutral rating on the shares. For the firm’s Industrials/Multi-Industry coverage, BofA expects Q1 earnings to be in line or a beat, but is preemptively lowering its estimates based on higher uncertainty and established tariffs despite the April 9 announcement of a 90-day pause on reciprocal tariffs, the analyst tells investors in a preview for the group.
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