Illinois Tool Works price target raised to $253 from $230 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Illinois Tool Works (ITW) to $253 from $230 but keeps a Sell rating on the shares. The company reported a “modest” beat , while its FY26 guide “appears reasonable”, the analyst tells investors in a research note. The firm adds that while it continues to view Illinois Tool Works as a high quality company, the firm remains Sell rated pending an inflection in its growth algorithm .