tiprankstipranks

Illinois Tool Works price target lowered to $284 from $302 at Truist

Truist lowered the firm’s price target on Illinois Tool Works (ITW) to $284 from $302 but keeps a Buy rating on the shares after its Q1 results and guidance. The company was able to maintain FY25 EPS outlook including headwinds from tariffs as ongoing pricing actions are expected to offset tariff costs and be EPS neutral, the analyst tells investors in a research note. Illinois Tool Works also believes they are well positioned to mitigate any impact from tariffs as over 90% of its products are manufactured in the market they are sold in coupled with its ability to price and supply chain optimization, the firm adds.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue